PayPal Co-Founder and Facebook board member, Peter Thiel has said in a recent interview that he thinks that the age of Apple is over.
The statement was made during a Q&A session called Confirm or Deny, a segment of the New York Times. Replying to the question of whether the age of Apple is over, Mr Thiel says “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.”
It seems Peter Thiel is one of those who think we have reached the top of the curve when it comes to innovation with respect to smartphones. Currently, more than half of Apple’s revenue from the last two years is from the iPhone and for the first time in more than a decade, Apple’s annual profit fell in 2016 due to a fall in the sales of the iPhone.
While it is too early to say if Apple’s glory days are coming to an end or have ended, we can all agree that innovation when it comes to smartphones have been a bit stagnant. Google has abandoned Project Ara and LG and Lenovo/Motorola’ stab at modularity was not well received. Though the Moto Z did a better job but the cost of the phone and the individual cost of the mods might have contributed to it not being much of a success.
Other notable statements he made during the session include Google’s dominance during the Obama Administration and that Facebook is not a media company.
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