Former Apple CEO John Sculley provided his take on the Apple Watch and Apple Pay in a recent interview with Forbes.

Sculley admired Tim Cook's success as CEO, however stated he does not think Apple takes enough risks.

"If you say who in Silicon Valley is willing to head out and take the big threats, change the game, you see people like Amazon and Google, Facebook, want to take big threats to enter into completely brand-new industries than they were in before.".

Sculley stated Apple will continue enjoying insane profits even if they do not innovate brand-new items.

"The question is: is there anything on the horizon," he said. "I'm not convinced yet that the Apple Watch is one of those gadgets. Perhaps I'll be incorrect. But it isn't clear to me that it's as big an offer as an iPhone, or an iPad, or an iPod.".

Remember Wall Street expects Apple to offer in the neighbourhood of 24 million Apple Watches next year.

In case you have any inquiries relating to where by along with tips on how to employ win a Samsung Gear VR, you'll be able to e mail us in our own web site. But in spite of Sculley's negative thoughts about the Apple Watch, he's bullish about Apple Pay:.

"I believe Apple Pay can be a basic creative leap. Look what AliPay is doing. So I'm very optimistic about Apple Pay. However reasonably, even if you're an optimist, it's going to take several years to deploy that all over the world. And no seller wants to wager 100 % of their future just on Apple.".

A minimum of some experts share Sculley's optimism about Apple Pay: Barclays released a note on Monday pointing to services as a development area for Apple in the next couple of years when they raised their target to $US140, up from $US120 per share.