Monday, 5 May 2014

Fred Wilson Predicts Top 3 Tech By 2020; Counts Apple Out

Image credit: TechCrunch

Fred Wilson, New York based Venture Capitalist, made his prediction about Apple during TechCrunch's Disrupt conference. He believes that, Apple which is currently the biggest tech company in the world will cease to be the most important by 2020. When asked why, he said Apple is "too rooted to hardware..." "I think hardware is increasingly becoming a commodity," he said. "Their stuff in the cloud is largely not good. I don’t think they think about data and the cloud."

Notwithstanding, he believes that the top three companies by then will be Google, Facebook, and "a company never heard of." He also predicts that Twitter will be “four, five, six, seven… but I’m not sure it will be number-two [or three].”

According to TechCrunch, "Wilson’s thoughts on Apple, on the one hand, run counter to what Apple’s stock has been doing in the past 12 months, where it has gone up by 31% as the companies continue to grow sales of its iPhone smartphones and iPad tablets."

TechCrunch also reveals, "Android has vastly overtaken iOS as the dominant smartphone platform, and with that a number of hardware makers, led by Samsung, building devices around the platform that are beating out Apple in winning new users."

"Still it’s surprising to think that the tables could turn so dramatically in, effectively, six years. It wouldn’t be the first tech company to drop out in value even if it holds mindshare."

2 comments:

  1. alot of things can happen between now and next week.,everyone has a plan so oga chill

    ReplyDelete
  2. I alsonsee dis coming. Apple needs some very creative set of people to continue been ahead of the game.

    ReplyDelete