Apple Car could arrive in 2021 for just over £50,000

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An analyst working for American investment banking company Piper Jaffray has predicted that Apple's secretive electric vehicle could hit the roads as soon as 2021.

Gene Munster, who covers the American technological giant, last October released an analyst note on 'Project Titan' – as it is known – and recently went into further detail.

During an interview with website applecarfans.com, Munster said: "There will be a car that you can see and order in 2019-2020.

"We don't think it will probably be delivered until after that... maybe 2021." He also added that "an advantage of showing it early" would serve "to hold up the market in anticipation."

In the analyst note, Munster had attributed Apple's desire to build a car to the brand's priority of growth. Since then, a number of members of the Titan team are reported to have left. However, he doesn't believe that this will hinder the project.

He added that Apple's foray into car making was unlikely to remain a secret, considering it would be 'hard to keep under wraps'.

Outlining the plan he said: "First thing we'll see is hiring. Second phase [will be] tooling and early [part] orders. Third thing will be the plan."

Following in a strategy seen in their other products, Munster believes that Apple will produce only the one car, and give it an iconic name.

Price wise, he added: "If you look at the overall automotive industry Apple historically plays toward the high-end." Elaborating on 'high-end', he suggested the car would cost "around $75,000" (£53,000).