Woz Misquoted About Android Dominating iOS
bonch writes "Apple co-founder Steve Wozniak's quote that Android would dominate over iOS was widely covered by the tech press, but after seeking clarification, Engadget reports that Wozniak was misquoted by Dutch paper De Telegraaf. 'Almost every app that I have is better on the iPhone,' says Woz, claiming that he would never say that Android was better than iOS. 'I'm not trying to put Android down, but I'm not suggesting it's better than iOS by any stretch of the imagination. But it can get greater marketshare and still be crappy.' Woz has an Engadget account and has posted further comments to the linked article."
Apple trades at around 20 times its earnings, similar to Google and Oracle which are both market leaders as well. Nothing out of the ordinary here. What doesn't seem to make sense is why a company like Amazon trades at 60 times its earnings. Is its growth potential 3 times greater than Apple?
Is Apple losing? Apple's in a really great spot - they're raking in cash. So is Microsoft, except that Apple is moving far less units than Dell, HP, Acer and other hardware manufacturers, so their actual costs per sale is lower and margins are higher.
They also only have 2 iPhone models out that's outselling individual Android phones out there. The only reason Android phones are "winning" is the sheer number of models of Android phones out there. They also rake in close to 50% of mobile industry profits, despite only having anywhere from 1-2% total mobile marketshare. All the other bigger companies (LG, Samsung, Nokia, RIM) are scrapping over the remaining half, despite accounting for over 90% of units shipped.
Yeah, Apple is losing. Apple's not participating in the race to the bottom, instead letting Dell, HP, Acer, HTC, Samsung, LG, Nokia compete against each other driving their margins and profits down.
Apple in 10 years? Well, I don't know. Just like I don't know where Microsoft willb e in 10 years. Or what Android will be in 10 years. Hell, in the past 10 years, we saw the rise and fall of PalmOS, and the rise and fall of Windows Mobile. Symbian's a bit longer lived. Android and iOS may not even exist in the next 5 years.