Apple stock has thrived for decades as the company thrilled consumers with well-timed innovations in computing, music and phones. Now investors, hungry for a new breakthrough from the Silicon Valley icon, are cheering for what could be the company’s biggest quantum leap ever: an electric Apple car.
Rumors that Apple (AAPL) plans to branch out into automaking have circulated for years and gained momentum recently. The speculation is sparking the imagination of both investors and consumers, who wonder if the Apple car will be something revolutionary or just a me-too electric vehicle to compete with the likes of Tesla (TSLA).
Will Apple break new ground like it did with the first iPhone, which paved the way for touch-screen mobile devices? And will it rock the auto industry the way its iPod and iTunes almost single-handedly saved record companies from extinction? An intriguing question is