"“It makes a ton of sense,” Gene Munster, an analyst with Piper Jaffray Cos., said Saturday in an interview. “If you would’ve said 10 years ago, ‘Apple is going to be in the car business,’ I think people would’ve said you’re crazy -- because it would’ve been crazy -- and today it’s a much different company that’s able to tackle these massive addressable markets.”Five Ways That Apple Is Already Positioned to Be a Car Company - Bloomberg Business
Apple, with a market capitalization that’s more than $700 billion, needs to continue growing sales in iPhones, its largest revenue generator, while also expanding into new markets, such as automobiles, if it’s to reach a $1 trillion valuation, Munster said. He added that he doesn’t think Apple would bring out a car in the next five years."
Sunday, February 15, 2015
Five Ways That Apple Is Already Positioned to Be a Car Company - Bloomberg Business
Check the full article for a list of reasons why the timing may be right for Apple to enter the automobile business