November 19, 2021
Apple Inc. venturing into cars might shake up the electric vehicles market in the same way the iPhone revolutionised the mobile communications industry in 2007. So says Morgan Stanley.
The world’s biggest company by market value plans to launch a car with full self-driving capabilities by 2025, Bloomberg News reported. The $10 trillion global mobility market is up for grabs and if Apple enters the space, it could be a “clear negative” for carmakers such as, Ford Motor Co. and Tesla Inc., Morgan Stanley autos analyst Adam Jonas wrote in a note.