US investment bank Evercore ISI analyst Amit Daryanani believes that just like the iPhone used to subvert the mobile phone industry, Apple can also use Apple Car to subvert the auto industry.

Dayanani pointed out in the report: “iPhone is a computer in your pocket, and Car will become a computer on wheels.” He also said that in the next five years, the probability of Apple launching driverless electric cars is increasing. Apple can provide passengers with various services and make money from them. According to his estimates, launching a car can increase Apple’s sales by $36 billion.

In addition, Dayanani raised the target price of Apple’s stock to $160, and Apple’s stock price is currently about $143.

In fiscal year 2020, Apple’s total revenue is approximately $274.5 billion. On January 27th, local time in the United States, Apple will announce its first quarter earnings.

Earlier reports said that Apple’s car research and development is still in the early stages, and it will take at least 5 years to come out. Insiders said that Apple is also considering launching a self-driving car system for use by third-party partners instead of launching Apple cars.