Apple awarded lidar patent likely for Apple Car, says UBS

Mar. 25, 2021 8:38 AM ETApple Inc. (AAPL)AAPLBy: Brandy Betz, SA News Editor20 Comments
  • UBS analyst Timothy Arcuri notes that Apple (NASDAQ:AAPL) was recently awarded a patent for "Waveform design for a LiDAR system with closely spaced pulses," which could put the tech giant one step closer to the Apple Car.
  • The patent discusses an optical device with a light source, a scanning mirror, a detection sensor, and other light-catching characteristics.
  • Arcuri highlights that the patent mentions the "distance to the target scene may range from tens of centimeters to hundreds of meters."
  • Fully autonomous vehicles will depend on sensors with a long range that can detect objects up to several hundred meters away, suggesting an automotive application for the patent. Luminar Technologies for example, says its lidar sensors can detect objects up to 250 meters.
  • UBS maintains a Neutral rating and $115 price target on Apple.
  • Related: Last month, Bloomberg sources said Apple was talking to lidar sensor companies as potential suppliers for the Apple Car.

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