Apple Inc's (NASDAQ:AAPL) anticipated entry into the automotive market should see it grab around 8% of the global electric vehicle market in a decade, UBS said as it took a much more bullish view of the iphone maker. Although Apple is by no means the first mover into battery electric vehicles (BEVs), its significant resources should enable the company to be a “fast follower” in time to participate in the steep portion of the expected surge in consumer adoption in coming years, similar to its launch of the iPhone in 2007, the Swiss bank said.
Apple's electric car plans are key for big upgrade from UBS