Top Stories
Top Stories

O'Leary: Give me the Apple car

O'Leary: Yes to Apple car

Buzz around Apple's potential foray into the auto world has a lot of investors, such as Kevin O'Leary, really excited. The O'Leary Financial Group chairman and "Shark Tank " investor told CNBC's "Squawk Alley " on Tuesday, "That's interesting to me because I think that car can exist within the next five years."

"I like it as an investor because you've captured me for an hour and a half of the day in a car that you control the ecosystem in," he said. "That is a story I would like to hear Apple tell."

Read MoreApple working to build an electric car: Report

O'Leary told CNBC that there is nothing stopping Apple from setting up a platform for driverless-cars that can provide service similar to Uber. The added benefit would be an advertising advantage within the car since the company will already have a lot of data on users who own iPhones and other Apple products.

"I think there is a place for that in Apple's world," he added.

Apple looking ahead; Get excited or scared?

Brian Blair, Rosenblatt Securities Apple analyst, told CNBC's "Squawk on the Street " on Tuesday that it's a good thing that Apple is applying resources to its auto footprint.

"You should be enthusiastic that Apple is throwing some things at the wall internally to see what sticks because at some point growth in the iPhone will slow," he said. "So they need to find the next thing."

Blair also said that Apple's CarPlay was the first move into the auto field and this is the logical next step.

"Only Tesla is doing something innovative in the car right now. "

Read More Clean up your act, Musk—Tesla's a total disaster!