“Venture Capitalist Fred Wilson recently spoke at the TC Disrupt conference in NYC where the outspoken investor had some interesting things to say about Apple,” Yoni Heisler writes for TUAW.
“Not one to mince words, Wilson boldly proclaimed that Apple by 2020 will no longer be one of the top three tech companies as measured by market cap. Instead, the top there spots will be occupied by Google, Facebook, and another company that we haven’t yet heard of,” Heisler writes. “Now to be sure, anticipating which companies might be market cap leaders six years into the future is a fool’s errand. Nonetheless, the reasoning Wilson proffers is nothing more than the oft-cited drivel that folks who don’t really grasp what Apple is all about like to bring up.”
“The notion that Apple is “too rooted to hardware” isn’t a new one. Still, it’s perplexing why some folks continue to gloss over the fact that Apple’s business model of developing both software and hardware is precisely the reason why the company has been so successful,” Heisler writes. “As for the argument that “hardware is increasingly becoming a commodity”, well, there’s a big difference between hardware being prevalent and hardware being a commodity”
Read more in the full article here.
VC Fred Wilson: By 2020 Apple won’t be a top-3 tech company, but Google and Facebook will – May 5, 2014