Follow @ZeeMeekPeek
Fred Wilson, one of the biggest venture capitalist of Silicon Valley, shutdown Steve Jobs' Apple franchise yet again.
At a recent TechCrunch Disrupt conference in New York, Wilson expressed where he thinks Apple will be in 2020.
When past TechCrunch CEO Michael Arrington asked him what will be the top Internet companies by 2020, Wilson said, "Google, Facebook and one that we've never heard of."
When Arrington was puzzled on why Apple was excluded, Wilson gave his reasoning.
"Because I think they're just too rooted to the hardware. And I think that hardware is increasingly becoming more commodity," he said. "They don't have anything in the cloud to speak of, and the stuff they have in the cloud I think is largely not good. And I just don't think they think about data and the cloud in the way you need to think about things."
This coming five years after Wilson sold his Apple stock for $91.36 a share.
"As good as the company is," Wilson wrote, during the time. "I just can't own a stock when I don't believe the company is being straight with investors."
Despite the fact that Apple closed at $600.96 on Monday and increased 578% since then, Wilson still feels the same.
Wilson, who has made his billions on Web 2.0 companies like Twitter, Tumblr, and Foursquare, backs investing in Android technology.
"As I've been saying for several years now," he wrote in April 2011, "I believe the mobile OS market will play out very similarly to Windows and Macintosh, with Android in the role of Windows. And so if you want to be in front of the largest number of users, you need to be on Android."
Join the Discussion
Latest News
Most Popular

Kim Ji-yeon Flees Busan With Son After Exposing Jung Cheol-won's Affair: 'I Can't Risk My Son Being Recognized'

Lee Sung Kyung & Chae Jong Hyeop Spill the Truth About Their Real Chemistry on 'In Your Radiant Season'

Yoon Si Yoon's Surprise for His Mother Left the Entire Studio in Tears

Kim Go Eun's Airport Look Has K-Netz Saying 'Chanel Was Made for Her'

Seo Bum June Opens Up About the One Thing That Helps Him Let Go of Being an Actor: 'This Is When I Feel Most at Peace'






