Apple Car: Potential $50 Billion Revenue Engine For Apple Inc. (AAPL)

Apple Inc. (NASDAQ:AAPL) seems to be gearing up to make the Apple Car a reality. According to Piper Jaffray analyst Gene Munster the US car market averages around $500 billion in sales every year. This assertion was given by him after he compiled numbers from Edmunds.com, a car selling platform, which estimated that 16.4 million new cars were sold in America last year, while TrueCar Inc (NASDAQ:TRUE) - a website for automobile prices and information - says that the average selling price of a veh...