Apple Inc. is reportedly venturing into original TV by releasing its first nonscripted series about apps, but this proves that the company thrives off of existing ideas, scholar Vivek Wadhwa contended on CNBC Thursday.
"There's no real world shocking innovation happening anymore from Apple," the fellow at Arthur & Toni Rembe Rock Center for Corporate Governance at Stanford University, told "Closing Bell." "It was nine years ago that the iPhone came out ... since then it's been giving us bigger screens and smaller screens ... and we go along," he noted, before adding that Apple's series imitates Netflix.
In contrast, Apple founder Steve Jobs was known for creating a market rather than satisfying market demands, a quality that Wadhwa considers to have slipped through Apple's fingers. While the inventor has been credited with creating the blueprint for mobile breakthroughs, the expert argues new technology will soon overshadow mobile.