Former Apple CEO John Sculley provided his take on the Apple Watch and Apple Pay in a recent interview with Forbes.
Sculley admired Tim Cook’s success as CEO, however stated he does not believe Apple takes enough dangers.
“If you say who in Silicon Valley is willing to head out and take the huge threats, change the game, you see individuals like Amazon and Google, Facebook, are willing to take big risks to enter into entirely brand-new markets than they were in before.”.
Sculley stated Apple will continue gaining crazy profits even if they don’t innovate brand-new items.
“The question is: exists anything on the horizon,” he said. If you liked this post and you would like to obtain much more facts concerning win a Samsung Gear VR (address here) kindly take a look at our own web-page. “I’m not convinced yet that the Apple Watch is one of those items. Perhaps I’ll be wrong. But it isn’t really clear to me that it’s as big a deal as an iPhone, or an iPad, or an iPod.”.
Bear in mind Wall Street expects Apple to offer in the neighbourhood of 24 million Apple Watches next year.
However despite Sculley’s negativity about the Apple Watch, he’s bullish about Apple Pay:.
“I think Apple Pay can be an essential creative leap. Look exactly what AliPay is doing. So I’m extremely positive about Apple Pay. However realistically, even if you’re an optimist, it’s going to take numerous years to deploy that worldwide. And no retailer wishes to wager 100 % of their future just on Apple.”.
At least some analysts share Sculley’s optimism about Apple Pay: Barclays released a note on Monday indicating services as a growth location for Apple in the next few years when they raised their target to $US140, up from $US120 per share.
