Apple's reign in the technology space is over: Peter Thiel

Peter Thiel's answer referring to the fall of Apple, actually summarizes the state of the smartphone industry today.

Entrepreneur and venture capitalist Peter Thiel had a lot to talk about in his quick Q&A session with the New York Times'  Maureen Dowd. Thiel who now sits as president-elect Donald Trump's right hand man or tech advisor, literally confirmed that the "age of Apple" is over.

In Dowd's "confirm or deny" segment she asked whether the age of Apple was over. Thiel was quick to reply, "Confirm. We know what a smartphone looks like and does. It's not the fault of Tim Cook, but it's not an area where there will be any more innovation."

Thiel coming with a lot of experience may have sounded a bit naive with a statement like that. But his answer actually summarises the state of the smartphone industry today. And since Apple's hero product has been the iPhone for 10 years now, all fingers get pointed at nobody else. This is simply because everyone else is already experimenting or has products in other avenues.

It's been three years since Apple's iPhone has yet to see a redesign. With hopes so low, and rumour mills buzzing with possibilities, we could indeed see bezel-less iPhone, but will it be enough to get consumers to invest in another one that does the exact same things as the previous model? The answer is a clear NO. Apple's dropping iPhone sales are an indicator that a particular product formula can only work for so long.

In one of our previous posts we hinted how Apple has gone from innovator to follower. Apple now follows trends from other smartphone manufacturers, Samsung being the key one right now. Samsung on the other hand seems to have moved on from a bezel-less smartphone display, and is now looking foldable displays instead. Whether or not they are able to make something practical out of it is not the problem, but it's just that this time around they appear to be way ahead of Apple.

Even with the failure of the Note 7, Samsung will not be in trouble since its has its arms and legs into other areas of electronics (and other industries) as well. Apple on the other hand just has the iPhone. And a portfolio in the declining tablets and laptops segment.

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