Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Co-Founder Steve Wozniak: Changes Happens Too Quick In The Business

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.

Apple, is AAPL a good stock to buy, Dan Nathan, put options,

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.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.