Apple co-founder Steve ‘Woz’ Wozniak had some words for his former company.
Speaking to a German publication, the Woz admitted that the company has fallen somewhat behind in its bid to remain the top smartphone maker in the world.
I am proud that we have such loyal fans. But this loyalty is not given, the needs with the best products are always kept alive and confirmed. Currently we are in my opinion in the smartphone business with the features somewhat behind. Others have caught up. Samsung is a great competitor. But precisely because they are currently making great products.
Apple and Samsung combined for about 99 percent of all the profits in the smartphone world, and own the majority market share.
There have been fears that Apple has lost its innovative edge over the last year, and those fears were reflected in its share price, which fell from a high of $705 to $475 today.