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Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

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Current price of oil as of July 8, 2026
TechApple

Is Tesla’s Elon Musk in denial about Apple?

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Philip Elmer-DeWitt
Philip Elmer-DeWitt
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Philip Elmer-DeWitt
Philip Elmer-DeWitt
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October 9, 2015, 9:01 AM ET
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Brave talk from incumbents on the eve of disruption:

About the iPhone:

“We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.” —Palm CEO Ed Colligan, 2006

“Right now we’re selling millions and millions and millions of phones a year, Apple is selling zero phones a year. In six months, they’ll have the most expensive phone by far ever in the marketplace and let’s see…what’s the expression? Let’s see how the competition goes.” —Microsoft CEO Steve Ballmer, 2007

About the App Store:

“Let’s face it, the Internet was designed for the PC. The Internet is not designed for the iPhone. That’s why they’ve got 75,000 applications—they’re all trying to make the Internet look decent on the iPhone.” —Ballmer, 2009

About the iPad:

“It was a bigger iPod Touch. I question whether those features would be enough to get people to buy new machines.” —Nintendo President Satoru Iwata, 2010

About the Apple Watch:

“A watch is not only giving time, it’s a status symbol and I don’t think you’ll get a status symbol in an Apple Watch with two billion functions that no one understands.” —Longines president Walter von Kanel, 2015

About the Apple Car:

“Apple has no experience. There’s no reason to assume Apple will do a better job than General Motors, Ford, Volkswagen, Toyota or Hyundai. I think this is going to be a gigantic money pit.” —Former GM exec Bob Lutz, 2015

“It’s good that Apple is moving and investing in this direction. But cars are very complex compared to phones or smart watches.” —Tesla CEO Elon Musk, 2015

See also: Tesla’s Elon Musk just trolled Apple in a big way

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Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.

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