Last week, at TechCrunch Disrupt Conference in New York, former TechCrunch CEO Michael Arrington spoke to Wilson on the future of tech companies. Referring as the ‘Godfather of New York tech’, Fred Wilson was asked by Michael Arrington to predict the future of internet companies that will be most valuable in 2020.
Wilson said that Apple won't be on the top list explaining that Apple’s lack of cloud integration makes it strongly rooted to hardware and that would be one of the key reasons hampering its chances of evolving the future. He also thinks that the Cupertino-based company’s stock has risen due to the increase in sales of iPhones and iPads, however, Android has slowly taken over that platform too attracting newer users.
Fred Wilson said ‘Google, Facebook and one that we’ve never heard of’. When Arringston enquired why Apple was missing from the list, Wilson responded saying that ‘Because I think they're just too rooted to the hardware. And I think that hardware is increasingly becoming more commodities. They don't have anything in the cloud to speak of, and the stuff they have in the cloud I think is largely not good. And I just don't think they think about data and the cloud in the way you need to think about things.’
There are other predicting the death of Apple too
Recently, WSJ reporter Yukari Iwatani was in the news after the release of his book named ‘Haunted Empire: Apple after Steve Jobs’ that circles around the downfall of Apple since Steve Jobs passed away. It puts on emphasis on how Tim Cook and other leaders from within the Apple Throne are unsuccessful at welcoming innovation and ignoring all warning signs.
For those of you, who’re not familiar with Fred Wilson’s background, he is one of the most sought out VC in Silicon Valley. The recent news comes shortly after Fred Wilson had sold all of his Apple shares back in 2009.
Since last two years, a number of Apple employees have been resigning and the number is increasing swiftly. Earlier, Apple employees used to work longer hours under immense pressure coming out feeling great for the innovation they brought. However, it has not been the same due to lack of launches. There have also been reports revolving around how its time Apple needs to launch a new product in the market.
Coming back to Fred Wilson..
Co-founder of Union Square Ventures, Wilson is much known for his investments in Web 2.0 companies such as Twitter, Tumblr, Foursquare, and Kickstarter. He made news back in 2011, when he advised app developers to write for Android rather than keeping iOS on the top of the list. He believed that the mobile OS market would play out similarly as it did in the past with Windows and Macintosh where Android will reprise in the role of Windows and would be having the largest share in the market. And it turns out, he was right! Android is estimated to have the largest share in the market covering 82% of users worldwide.
In spite of Apple showing strong Q2 results, Fred Wilson believes it will slip out of the top three spot by 2020. He also believes that Facebook’s biggest nemesis Twitter would be taking the sport somewhere down at four and seven.