Apple (AAPL) may not be the most valuable over company in the world anymore, but it’s still by far the most valuable tech company, as its market cap of around $416 billion easily tops Google’s (GOOG) $248 billion valuation and Microsoft’s (MSFT) $233 billion valuation. Over at Forbes, Chunka Mui makes an interesting case that Google’s investment in driverless car technology will be an absolute goldmine for the company in the coming years that could even vault it past its rivals in Cupertino.
[More from BGR: Apple’s slowed growth has blown the future of the mobile industry wide open… and that’s very exciting]
“The driverless car has broad implications for society, for the economy and for individual businesses,” he writes. “Just in the U.S., the car puts up for grab some $2 trillion a year in revenue and even more market cap. It creates business opportunities that dwarf Google’s current search-based business and unleashes existential challenges to market leaders across numerous industries, including car makers, auto insurers, energy companies and others that share in car-related revenue.”
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