The often outspoken investor said Apple is in transition and quickly becoming a software and luxury good business — rather than the hardware company it was under founder Steve Jobs.
“When you take a step back and actually look at that phone and compare it to a [Google] Pixel or the next generation Samsung, what you see is frankly the same product,” Palihapitiya said. “What it has is brand. It has a sense of differentiation, and that’s no different than Louis Vuitton or any other luxury good.”
He said Apple needs to figure out how to spend its cash in a way that’s not leaving it in Ireland, which he said is “all they’ve done” so far.
Source: Tech CNBC
Chamath Palihapitiya: Apple is 'no different than Louis Vuitton or any other luxury good'