Apple Inc. (NASDAQ:AAPL) is well known for creating its own market. Apple has revolutionized the tech industry with a lot of innovative products starting from iPod till the latest Apple Watches. They even venture into cloud space and payment business. Why does Apple Inc. (NASDAQ:AAPL) need to introduce a lot of new products in spite of very successful older products and models? Apple’s Co-Founder Steve Wozniak talked on Bloomberg TV about the changes in tech industry.
Bloomberg’s Cory Johnson mentioned that there is a complete shift in the way Apple Inc. (NASDAQ:AAPL) launch its products. He added that Apple Inc. (NASDAQ:AAPL)’s Watch might be launched in two categories, one affordable cheap category and other extremely costly luxury category. He thinks that this is completely a new behavior from Apple Inc. (NASDAQ:AAPL).
Wozniak said that the change happens very fast in the tech industry and it is very important to react quickly to those changes with appropriate products. He feels that it might be very difficult to react to those changes, which makes the primary data very important for Apple Inc. (NASDAQ:AAPL) in the future.
“[…] Change comes quickly in this business to the enterprise and trying to plan for the change is very difficult and that’s where primary data is actually going to be helping Apple in the future,” Wozniak said.
Johnson pointed that companies like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) are creating their own custom data solutions, storage solutions and servers to grab a share in the data business.
“You are naming a few companies that actually came and I would like to say fusion IO kind of save their lives or something on the fly. So it’s a mixture,” Wozniak responded to Johnson’s comments.
Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook is the man behind all the new products that the company is launching these days and here is the peek into his past.
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