Fred Wilson explains that lack of cloud integration and being rooted to hardware might cause the company's demise in the years to come
Apple has revealed strong financial results for the second quarter of this year but this year hasn’t been so good for the company and it appears that we have seen Apple just too many times in the news reports but unfortunately it was for all the wrong reasons. According to Fred Wilson, one of the top investors of New York’s Union Square, Apple is not going to be able to maintain its current position in the coming years; it is expected that the Cupertino giant will slowly start to fall off the throne. It will eventually no more be in the top three firms by 2020.
We heard Wilson speak in favor of Google and Facebook at the TC Disrupt Conference held in New York. Along with these two companies, there were some others too which were listed as the probable candidates for the top three positions. Twitter can also be seen making it to the fourth position by 2020.
These predictions don’t just come out of thin air. They take up a lot of considerations and careful study and Wilson has given a strong reason to believe in Apple’s demise. He says that the company lacks cloud integration and because it sticks with hardware at all times, there are lower chances of the company evolving in the future.
No doubt the stock price of Apple has been rising but that it because of the sales of the iPhones and iPads but when it comes to the software, the Android is taking over iOS and there is no doubt about that.
“The ongoing trope that “software will eat the world,” championed by other investors like Marc Andreessen, will actually hold true for years to come, with no one able to take hardware beyond the point of commodity status, “ points out Techcrunch.