Age of Apple is over, says Peter Thiel


Age of Apple is over, says Peter Thiel
  1. Age of Apple is over, says Peter Thiel
    rt.com
    Arguably the most desired smartphone in the world, Apple’s iPhone, is losing popularity, says PayPal co-founder and first Facebook investor Peter Thiel. Read Full Article at R…
    Finance
Read more China’s largest social network launches alternative to Apple App Store

When asked if "the age of Apple is over” by The New York Times, Thiel answered: "Confirm. We know what a smartphone looks like and does. It’s not the fault of Tim Cook, but it’s not an area where there will be any more innovation."

In October, Apple reported its first annual revenue decline in 15 years, as for the first time iPhone sales slumped. In the three months ending September 24, the Cupertino, California company said its revenue dropped about nine percent year on year.

Apple’s annual sales fell to $216 billion in the 2016 fiscal year ending September 30, down from a record $234 billion the year before.

The company’s sales in China, once a catalyst for growth, declined 30 percent year on year as the tech company faces competition from local producers like Xiaomi and Huawei that make more affordable smartphones with a similar set of functions.

Some analysts say the the world may have r…

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