Turning to another embattled Silicon Valley tech giant, Wang said Apple “screwed up on pricing.”
In particular, Wang cited the challenges faced by Apple in India, where it “overpriced the product” and “missed the whole market” as a result.
Pointing to the other shortcomings of Apple, Wang said the company’s artificial intelligence assistant, Siri, “still doesn’t work,” that they had “nothing to account for” the billions spent on the Maps product along with issues faced with the Apple Watch and the ECG function.
Furthermore, Wang added, the ongoing U.S.-China trade spat could have an impact on Apple. His comments echo those of a strategist who told CNBC last Friday that the tech giant is “at the forefront of vulnerability” in the ongoing conflict.
Faced with all those challenges, however, Wang remained positive on the company’s prospects beyond the near futures.
“Overall, they’ve done a good job shifting from products to services revenue and I think that’s going to pay off in the longer run,” he said