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."

Comments

Re:Founder of Apple realizes what he said

[mcrbids]

Apple trades at around 20 times its earnings, similar to Google and Oracle which are both market leaders as well.

Which also makes no sense, and violates the basic idea and utility of stocks!

I own part of a company. The reason that I own this is for the profits - I get a portion of the profits commensurate with my share of the ownership of the company. Originally, that was how stocks worked as well, and technically, that's how it still works. The point of owning stocks was originally about the dividends.

But now, people don't buy stocks based on their real expectations of dividends - they buy in expectation of stock price volatility! It's a giant gambling racket, where the actual economic return of the system (dividends) is dwarfed by the economic costs/losses of the overvalued stock. It's become a giant WTF, and something that's promoting unethical behavior on the part of the companies: The stock holders don't care about the operation and profitability of the company as much as they care about the stock price, so there's reduced incentive for the corporate officers to be ethical.