But that's often the case. The thing is that 'smart cars' are not so different from where Apple is already comfortable, and where they want to move. Let's say they invest massive funds into ML, hardware, etc just to fail in the car market. They can recoup a lot of that by just taking the tech they've built and reinvesting it into their comfort zone.

How do you figure? Can you explain where the overlap is between Apple's current tech investments and autonomous vehicles?

A lot of autonomous vehicles is the computer vision, which is also a significant thing that they're trying to do with the iPhone - AR.