Oh what, the iPhone has no chance of gaining significant market share?
What were we laughing about…
This unbelievable misprognosis came from Steve Ballmer, former CEO of Microsoft, in 2007
It’s always easy to be wise in hindsight, but this prediction from Steve Ballmer, Microsoft’s CEO at the time, is particularly amusing. In 2007, when the first iPhone was introduced, Ballmer was convinced it had no chance of gaining a significant market share. He argued that the lack of a keyboard and high price would make the iPhone a niche option.
As we now know, Ballmer was spectacularly wrong. The iPhone not only gained a significant market share, but also the entire Smartphone industry revolutionized. It has fundamentally changed the way we communicate, work and entertain ourselves. Today it’s almost impossible to imagine a world without smartphones, and the iPhone is at the forefront of this revolution.
Ballmer’s misjudgment shows how difficult it can be to predict the impact of a new technology. It’s also a reminder that even the most powerful tech giants sometimes get it wrong. It’s almost as if Ballmer looked into a crystal ball and saw everything upside down. This prediction is a perfect example of how the unpredictable is often the inevitable. And it’s a lesson we should all heed: Never underestimate the power of a good idea – or a shiny new gadget.