Peter Thiel renews Apple criticism: ‘Nothing new after Steve Jobs’
Investor Peter Thiel has criticized Apple for a lack of significant innovation since the death of Steve Jobs in 2011. Thiel argues that the company has focused on scaling existing products rather than creating transformative new technologies.
Why it matters
Reflects ongoing debates regarding corporate innovation cycles and the legacy of visionary leadership in big tech.
Billionaire investor and PayPal co-founder Peter Thiel has renewed his long-standing criticism of Apple, arguing that the company has failed to produce meaningful innovation since the death of co-founder Steve Jobs in 2011. According to a report by Benzinga, Theil made the remarks during a recent interview with author Walter Isaacson on The Builder’s podcast, which was released earlier this week. Theil emphasised that the smartphone was a big invention with little left to do once it was launched. After that, he said, Apple’s work was a matter of scaling the product, building the brand and extending the business over about 15 years.Peter Theil: Apple did nothing after Steve JobsDuring the interview, Theil said that one of the biggest breakthrough of Apple was iPhone and suggested that the company mainly focused on refining and expanding the product ever since.
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