Peter Thiel says 'age of Apple' at its end
Venture capitalist and Facebook board member Peter Thiel in an interview on Wednesday prognosticates the "age of Apple" is at its end, saying the evolution of the smartphone has reached a zenith.
Thiel's bleak view of Apple's apparently imminent downfall was published in the popular New York Times segment "confirm or deny" by Maureen Dowd, a quick-fire Q&A session that asks headline makers to deliver hot takes on a variety of current topics.
Asked whether the age of Apple is over, Thiel said, "Confirm. We know what a smartphone looks like and does. It's not the fault of Tim Cook, but it's not an area where there will be any more innovation."
What Thiel appears to imply is that Apple's impact on society, its ability to facilitate change and its future is reliant on iPhone. In many ways Thiel is correct.
Apple on Monday celebrated the 10th anniversary of iPhone's unveiling at Macworld 2007. The device that put the internet, an iPod and phone in your pocket changed how we viewed personal electronics, and would become the de facto standard for all smartphones within a few short years.
Apple's ability to disrupt personal communications inevitably led to financial success, with iPhone soon accounting for a huge bulk of the company's revenues. Apple iPhone sales continued to grow for nearly ten years before seeing its first year-over-year contraction last April.
Despite a slowdown in demand, Apple moved 51.2 million iPhones in the second fiscal quarter of 2016, enough to push revenues of $50.6 billion. In its most recent earnings call, the company reported shipping 45.5 million handsets, slightly beating analyst estimates.
Aside from raw numbers, which appear to be stabilizing after last year's disappointing performance, some question Apple's ability to innovate in the smartphone space. Detractors say the most recent iPhone 7, while a marvel of technology, offers few differentiating features and sports a three-year-old design.
That said, Apple is expected to shake things up in 2017 with a -- potentially limited production -- redesigned iPhone sporting an edge-to-edge OLED display, wireless charging and other exotic hardware. Still, many rumored features are already found on existing handsets, including those marketed by competitor Samsung.
As for Thiel's Q&A session, other tidbits related to Apple include a rumor that he created the seating chart at Donald Trump's tech summit in December. Thiel denied. Ironically, Thiel, who serves as Trump's Silicon Valley evangelist, was seated between the President-elect and Apple CEO Tim Cook.
Thiel's bleak view of Apple's apparently imminent downfall was published in the popular New York Times segment "confirm or deny" by Maureen Dowd, a quick-fire Q&A session that asks headline makers to deliver hot takes on a variety of current topics.
Asked whether the age of Apple is over, Thiel said, "Confirm. We know what a smartphone looks like and does. It's not the fault of Tim Cook, but it's not an area where there will be any more innovation."
What Thiel appears to imply is that Apple's impact on society, its ability to facilitate change and its future is reliant on iPhone. In many ways Thiel is correct.
Apple on Monday celebrated the 10th anniversary of iPhone's unveiling at Macworld 2007. The device that put the internet, an iPod and phone in your pocket changed how we viewed personal electronics, and would become the de facto standard for all smartphones within a few short years.
Apple's ability to disrupt personal communications inevitably led to financial success, with iPhone soon accounting for a huge bulk of the company's revenues. Apple iPhone sales continued to grow for nearly ten years before seeing its first year-over-year contraction last April.
Despite a slowdown in demand, Apple moved 51.2 million iPhones in the second fiscal quarter of 2016, enough to push revenues of $50.6 billion. In its most recent earnings call, the company reported shipping 45.5 million handsets, slightly beating analyst estimates.
Aside from raw numbers, which appear to be stabilizing after last year's disappointing performance, some question Apple's ability to innovate in the smartphone space. Detractors say the most recent iPhone 7, while a marvel of technology, offers few differentiating features and sports a three-year-old design.
That said, Apple is expected to shake things up in 2017 with a -- potentially limited production -- redesigned iPhone sporting an edge-to-edge OLED display, wireless charging and other exotic hardware. Still, many rumored features are already found on existing handsets, including those marketed by competitor Samsung.
As for Thiel's Q&A session, other tidbits related to Apple include a rumor that he created the seating chart at Donald Trump's tech summit in December. Thiel denied. Ironically, Thiel, who serves as Trump's Silicon Valley evangelist, was seated between the President-elect and Apple CEO Tim Cook.
Comments
Apple is and always will be more than a single product and Thiel should know that.
Didn't Steve Balmer say that in 2007???
The problem is that I don't want companies to have competing systems. Consumers need standards not attempts to lock them in. Whoever gets AI interoperating will want to milk the cow though.
The logical control centre for controlling or limiting AI would be the phone or tablet.
In a way, Apple is at a crossroads but more a 'roadmap crossroads' than a technological one. They could do better technologically but they have to decide where they are going first.
And _smartphones_ when they were an iPod company!
Apple is going to continue to do well. The Watch is maturing, AirPods are a huge hit, Apple Music is doing well, the AppleTV is finally coming into its own, etc.
They are working on _many_ projects... and still selling _millions_ of iPhones. Yeah: the explosive iPhone growth is settling down but Apple will still make plenty of cash :-)
the reality is that companies are trying to anticipate apple's next move; they're reactionary, even 10 years after the first iPhone. no one has managed to overtake the iphone in terms of mindshare. age of apple is far from over.
can't wait for DED to take this apart.
Charles H. Duell- Commissioner of US patent office- 1899.