Silicon Valley billionaire says "the age of Apple is over"


Sillicon Valley billionaire Peter Thiel appears to be very skeptical about Apple's future. The venture capitalist and Facebook board member, who is also known as the "Don of the PayPal Mafia", was subjected to an interesting Q&A session in "Confirm or Deny" – a popular segment of the New York Times.

When asked to confirm or deny whether the age of Apple is over, Thiel replied:


Thiel's words suggest that Cupertino is over reliant on the iPhone, which is correct, given that over 60% of the company's revenue over the last two years came from different versions of its famous handset. His claim is also further supported by the fact that Apple's 2016 annual profits fell for the first time in 14 years as sales of the iPhone declined.

Despite this gloomy forecast, Tim Cook & Co. still have an enormous cash reserve, which undoubtedly will be put to good use. Apple is also planning to do something special with the 2017 iteration of its handset, as the company marks 10 years since Steve Jobs introduced the original iPhone. At least one version of the device is rumored to sport an edge-to-edge OLED display, an innovative wireless charging technology and a host of other interesting features.

Apple, however, wasn't the only corporation mentioned in Thiel's interview. Host Maureen Dowd also questioned the billionaire about Google and Facebook.

Thiel confirmed that Google was too dominant in the Obama administration, saying that "Google had more power under Obama than Exxon had under Bush 43".

The venture capitalist shared some interesting facts about Facebook CEO Mark Zuckerberg, while also denying that Facebook is a media company (according to the company's official policy). When asked whether the media should trust Facebook, Thiel replied:

 
via AppleInsider

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127 Comments

1. wando77

Posts: 1168; Member since: Aug 23, 2012

Great article

2. PapaJi

Posts: 60; Member since: May 15, 2016

iPhones are things of past.....

28. meanestgenius

Posts: 22085; Member since: May 28, 2014

They definitely will be, if Apple doesn't bring something fresh and innovative to the iPhone soon, as well as make it more competitive spec-wise.

45. Mxyzptlk unregistered

Wrong. Regardless where they are at now, iPhones will not become a thing of the past like Palm, BLACKBERRY, Nokia, and a few other dinosaurs no one cares about are things of the past. Apple hasn't released two overpriced flagship devices that failed to sell and become relevant.

49. Subie

Posts: 2365; Member since: Aug 01, 2015

Success today does not guarantee success tomorrow...

58. meanestgenius

Posts: 22085; Member since: May 28, 2014

Exactly. People keep forgetting that it was MICROSOFT that bailed AAPLE out from going bankrupt before. And if Apple keeps releasing the same old phone it's been releasing for a while now with one or two extra tricks only and buggy software, Apple will continue to see the sales of the iPhone fall. It happened once, it can happen again. NO ONE stays on top forever.

64. meanestgenius

Posts: 22085; Member since: May 28, 2014

*APPLE...

72. Mxyzptlk unregistered

*That moment when you try to troll, but autocorrect has a different plan.

73. meanestgenius

Posts: 22085; Member since: May 28, 2014

*That moment when you make a comment that reveals you to be the troll that everyone knows you are.

103. Mxyzptlk unregistered

*That moment when you try to deflect and backtrack after getting called out.

105. meanestgenius

Posts: 22085; Member since: May 28, 2014

*That moment when more people agreed with me that the inbred trolling Apple shill is indeed an inbred trolling Apple shill and his trolling backfired on him.

132. Mxyzptlk unregistered

Uh you are just as guilty of being a shill as I am so stop deflecting.

138. meanestgenius

Posts: 22085; Member since: May 28, 2014

I'm not. But thanks for admitting that you are one, inbred trolling Apple shill. You make this too easy. Lmao!

65. Subie

Posts: 2365; Member since: Aug 01, 2015

Yup, Microsoft invested in Apple partly to prevent monopoly accusations if Apple ceased to exist. I wonder what they think about that today? "Crazy" was a word Ballmer used to discribe it"

66. meanestgenius

Posts: 22085; Member since: May 28, 2014

Personally, I think of Microsoft knew then what they know now, they would have continued to let Apple go in the downward spiral it was headed and let Apple disappear off the face of the earth. Had that happened, things might just be very different for Microsoft today.

71. Mxyzptlk unregistered

I think you need to take Tech History 101. If it wasn't for Apple, there wouldn't be a smartphone market. We would still be dealing with Windows Mobile(ugh), Blackberry and their premium priced devices that aren't consumer friendly, and many of the stuff we take for granted. So say what you want about Apple and karma, but you need to remove your head from your rear end and see the facts.

77. meanestgenius

Posts: 22085; Member since: May 28, 2014

I think YOU need to remove the Apple colored blinders from your face. There was a smartphone market long before Apple got involved in it. Tech History 101. Only blind Apple $#33p like you believe that Apple created the smartphone market. They didn't. There would have simply been another company to revolutionize the smartphone market, had Apple not been in it, and they would have most likely had features that the first iterations of the iPhone sorely lacked, much like they sorely lack features that we take for granted today. So go ahead and keep your head shoved so far up Apple @$$ that you can see its colon. The facts will still be the facts, whether you choose to remain ignorant of them or not.

107. Mxyzptlk unregistered

Show me where I said Apple created the smartphone market. Show me where I said there wasn't a smartphone market before Apple. Oh right because I didn't. Clearly you are seething in jealousy because it was the iphone that killed your precious blackberry. The iphone made the BlackBerry irrelevant pretty much. Pretty much every credible tech person has credited the iphone with making the smartphone market more mainstream. But of course facts were never your strong point. Just like you do with blackberry, right? You're a hypocrite.

113. meanestgenius

Posts: 22085; Member since: May 28, 2014

You said, and I quote: ReportReply "71. Mxyzptlk (Posts: 14896; Member since: 21 Apr 2012) I think you need to take Tech History 101. If it wasn't for Apple, there wouldn't be a smartphone market." You are clearly implying that there was not a smartphone market before Apple came along into it. And don't try any of that BS backtracking because I called you out on it, because that's exactly what you meant. You're clearly in pain and you are deflecting from the topic at hand because Apple has been releasing the same old phone for the past few years now, with the software getting worse and worse on it, and the buying public has taken notice, as evident by the drop in iPhone sales. You're also seething with anger because in the PC market, Apple is pretty much irrelevant, with a minuscule piece of the PC pie. Microsoft has pretty much kept Apple as a bottom feeder in the PC market. But of course, you're allergic to the truth. Stop deflecting and making excuses for your hypocrisy and your incessant trolling.

133. Mxyzptlk unregistered

I know what I said and nowhere in my comment did I say anything about Apple creating the smartphone market. You're deflecting from the truth because you know I'm right. Before the iphone came out, a lot of people were rocking flip phones and feature phones. Not smartphones. Back then, a device capable of browsing the Internet with a camera, app store, SMS, video calling and all of the other things we expect a smartphone to have weren't around. Sure, you had blackberry phones but most people who had those were business people. It wasn't until the iphone changing the landscape and making smartphone more mainstream that we have what we have today. That's a fact whether you want to admit it or not.

142. meanestgenius

Posts: 22085; Member since: May 28, 2014

I know what you said, as well as everyone else here. You said, and I quote: "If it wasn't for Apple, there wouldn't be a smartphone market." So you're saying that if Apple wasn't in the smartphone space, there wouldn't be one. There's now way you can twist the words around to suit your narrative. No, you're blind to reality, like most inbred trolling Apple Shill are. I was rocking BlackBerry, Windows and Nokia SMARTPHONES before Apple came into the mix. Just became you weren't born until 2008, doesn't mean that smartphones didn't exist before then. Nokia Symbian smartphones and Windows smartphones and BlackBerry's all browsed the internet, had cameras, and did SMS BEFORE the iPhone was created. Nokia Symbian smartphones had VIDEO CALLING before the iPhone did, and both Nokia Symbian and Windows Smartphones had access to an AppStore before the iPhone. I had a BlackBerry before I became a "business" person. You clearly are dumb as dirt with the judgement jelly if you didn't know anything about the phones I spoke of. You just proved, once again, that you're a an uninformed inbred trolling Apple shill. That's a fact, whether you want to admit it or not.

93. Podrick

Posts: 1285; Member since: Aug 19, 2015

So you think that if Apple hadn't made the iPhone, then every other company in the world would just close their R&D centers, sit back and enjoy the sunrise and forget every worries in the world? Thats cute.

94. meanestgenius

Posts: 22085; Member since: May 28, 2014

Exactly. For him to believe that is absolutely ridiculous. But then, consider the source where it came from, and you could can see why something so ridiculous was even said in the first place.

97. Podrick

Posts: 1285; Member since: Aug 19, 2015

Not surprising indeed. Its Mxy. If he writes some logical comment someday, now that would be surprising.

109. Mxyzptlk unregistered

Ridiculous is what you do best. Not my fault if you can't understand the point.

114. meanestgenius

Posts: 22085; Member since: May 28, 2014

Stop projecting. You never had a point to begin with.

134. Mxyzptlk unregistered

No, you were just too stupid to see it.

143. meanestgenius

Posts: 22085; Member since: May 28, 2014

No, you're just stupid, period. And there's no fox for stupid.

108. Mxyzptlk unregistered

That's not what I said you twit. Perhaps you should read my comment first. I mean actually "read" it.

115. meanestgenius

Posts: 22085; Member since: May 28, 2014

That's exactly what you implied, and it's in digital ink for all to see. And no amount of backtracking and twisting of words will change that.

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