The next big thing at Apple could still be years off, Maxim Group technology analyst Nehal Chokshi said Tuesday, ahead of the tech giant's earnings release after the closing bell.
"What I would be pretty excited about, but it's three or four years down the line, is an iCar," Chokshi told CNBC's "Squawk Box," adding he does not see anything truly innovative in the near term.
"If you look at the annuity value of a car relative to a phone and on a per-person basis and the profits that you can be associated, that's very significant," he argued. "That's a needle mover."
Don't look for the Apple Watch, which just celebrated its first anniversary, to be a game changer, Chokshi said, estimating the device at about 5 percent of revenue.