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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: Sam	5/14/2017 8:56:44 PM
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Yes, Apple is building a car All signs point to Apple building cars in the same way (and for the same reason) they build iPhones By Mike Elgan Contributing Columnist, Computerworld \| MAY 13, 2017 4:00 AM PT computerworld.com excerpt: What's driving Apple's interest in cars? Apple reached a major milestone this week. The company broke the $800 billion market capitalization barrier. In order to keep growing, however, Apple needs to enter and conquer gigantic new markets. Wearables and home automation gadgets will never represent a significant market compared with smartphones. Apple's next industry has to be much bigger even than today's smartphone market, which in 2016 was a roughly $430 billion industry. But which market? What's even bigger than smartphones? Morgan Stanley analyst Katy Huberty predicts the self-driving car industry will be worth $2.6 trillion per year by 2030. (Just for context, that's 13 years away. It was only 13 years ago when Apple started working on the iPhone.) more at the link

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