Companies working on new technologies are being regretful nowadays. Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOGL) are the top brands of the current century and are going through the rumors to be working on the automobiles.
Apple Inc. (NASDAQ:AAPL) has been very diplomatic and kept its ideas of automobile secret to an extreme level. It is going on with its plans manufacturing an electric car as reported in project Titan. Some of the news agencies have told that these cars will have the exclusive functionality of self-driving, whereas at the same time, some news headquarters have reported it vice versa.
Google Inc. (NASDAQ:GOOGL) as compared to Apple Inc. (NASDAQ:AAPL) has its automobile project public. Various sites provide information about this project which is expected to pay well in future. This project is world changing and a big step in technology. Unlike Apple Inc. (NASDAQ:AAPL) whose under-developing car is more likely to be a rumor, Google Inc.’s (NASDAQ:GOOGL) automobile is expected to be 100% self-governing.
It seems closely pursued to force shareholders about this journey being risky enough apart from their other challenges they ought to face. When a company is going to hold and support to carry on a new business, or to get involved with an industry that has its limits low, this type of situation can be expected. Shareholders would prefer to be on the side of companies working on novel technologies, even if Apple Inc. (NASDAQ:AAPL) or Google Inc. (NASDAQ:GOOGL) follow an exclusive pricing scheme.
Apple Inc.’s (NASDAQ:AAPL) effective profit margin was 28.7% and that of Google Inc. (NASDAQ:AAPL) was found to be 25% in the previous fiscal year. General Motors Company (NYSE:GM) had it 1% while Bayerische Motoren Werke AG (ETR:BMW)was reported to have its profit margin of 10%. Any car industry is supposed to have ways to get included in industries with lower-margin record. So it is going to be an enthusiastic journey for Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOGL).
Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOGL) are focusing to assure customer’s reliability as these companies working on technology are trying to get upper position among others. After the announcement of under developing self-driving car, these companies are expected to benefit significantly. According to an estimate if a person spend his time shopping or web surfing, by half of this time, he could save $140 billion each year by using this self-driven car.
This amount of money could be distributed among the manufacturers, web provider and shareholders as what matters is to save time. With its launch, Google Inc. (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) can facilitate users by low-margin sale of this car whose basic aim was to add income.
Besides this, Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOGL) had this option to carry on with their less costly way of mobile service provided for shopping which was giving a path to increase its bottom line. Although mobiles considered for 35% of online shopping service sites in fourth quarter of the last year, 18% greater than two years back, smartphones customers closed this buying process.
Apple Inc.’s (NASDAQ:AAPL) iOS pays more than Google Inc. (NASDAQ:GOOGL) at converting, which in case of Apple Inc. (NASDAQ:AAPL) is 2.07% and that of Google Inc. (NASDAQ:GOOGL) is 1.21%. Developing a car results in being an interesting process, as compared to mobile buying process.
