Fred Wilson: Apple Won’t Even Be a Top 3 Tech Player by 2020

"Google, Facebook and one that we've never heard of"

   

Fred Wilson: Apple Won’t Even Be a Top 3 Tech Player by 2020

Fred Wilson claims that Apple (AAPL) will not be a top 3 tech player by 2020.

AppleRAI Fred Wilson: Apple Won't Even Be a Top 3 Tech Player by 2020The venture capitalist believes that Google (GOOG), Facebook (FB) and a company that we have yet to hear about will make up that list.

“I think they’re just too rooted to the hardware. And I think that hardware is increasingly becoming more commodity.” Fred Wilson said when asked about why Apple won’t be there.

“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,” he continued. “And I just don’t think they think about data and the cloud in the way you need to think about things.”

Fred Wilson sold his Apple shares at a per-share price of $91.36 back in 2009 because he believed the company was not being straight with its investors.

AAPL stock is down about 0.8% Tuesday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/fred-wilson-apple-aapl-stock/.

©2014 InvestorPlace Media, LLC

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