Apple’s stock fell below the $400 point, a 16-month low two days ago. This obviously resurfaced questions about the company’s future, but Apple co-founder Steve Wozniak believes that the company is working on products that will surprise us all.
Speaking at a technology conference in Lithuania, Woz said:
Apple’s stock price is a little low right now. Over time I’ve seen Apple go up or down 2x over a few months. It’s very disappointing because if you look at the amount of cash that Apples holds that cash translates to one to two hundred dollars per share of stock just in cash form. So the expectations are a little lower even than they expect.
But where are the profits of the whole industry though? They are still with Apple and profits are all that really matter in the long run. Apple’s business model tends to be new products, even products that didn’t exist before and doing well out of them and not re-making the same thing, as eventually that just gets a little bit stale. So I would guess that Apple is very well prepared, and working on new things that are going to surprise and shock us all. And I honestly don’t know [what].
Though Woz’s information isn’t based on any inside info, we can’t help but think that Apple’s working on something big, given how silent it has been this year.
Woz did share his thoughts on what he’d like computers to become in the future:
“Computers should save us from a lot of thinking, like calculating numbers. When electronic calculators came about they freed our minds to think of other things and enabled us to get to where we are today.”
Voice recognition, Woz says, would become more common, enabling people to interact with their devices using another medium. Siri’s promise was exactly this, but it hasn’t quite lived upto people’s expectations.