Apple seems to be a company under siege according to American investor Paul Mampilly. The company has nothing good coming out of its innovations department. It is just regurgitating products that were introduced by founder Steve Jobs before his death in 2011. Apple is known for three products; iPhone, iPod and iPad. These are the only products the company have been producing lately. Every year they are producing various models of the same product. However, this is not good for business. For a business to perform well in this ear innovation is a must. A company must bring new products to the market. These products should not only be redesigned for the just the same product but new line of products.
Apple was doing very well when it introduced the first three products, but since the death of Steve, it is no longer adding anything new in the market.The last nail in the coffin for Apple will be the introduction of the Chromebook. However, this is going to be a big problem for company since this device is being run using a Google’s software. This software is cloud-based at the same time. This means that most of the credit for this product is not going to Apple. Google is gaining with Chromebook. However, there is something positive to take home about this. The success of Apple going forward is more dependent on the performance of the Chromebook. If chrome book picks well, then the stock prices may go down.
Investors should not follow what is happening with iPhone as it will not give them the right information about the markets.According to Paul Mampilly, Google is touching the core of the society. Children will most likely grow up familiar with Google products since the chrome books which are widely used in schools run on their devices. Apple is going to face huge competition from Google and Amazon which are two companies offering innovative technologies, unlike Apple. Amazon has the Alexa platform as well as echo devices. Apple and Amazon have invested in new technologies while Apple is still concentrating on the old products.Paul Mampilly has worked in the stock markets since 1991. He has worked with the biggest financial institutions such as ING. He has also been a hedge fund manager with Kinetics Asset Management. He helped this hedge fund record a 26% increase in the capital while he was the manager.