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Larry Ellison forecasts Apple's doom

Gregg Keizer | Aug. 14, 2013
Without Steve Jobs, says Oracle billionaire, Apple is going down.

Yet questions have continued about Apple's ability to innovate in its post-Jobs world. In April, a former Apple executive said the company had "lost control of the narrative ... [and] let others define its story."

Experts agreed, pointing out that the Apple "mystique," which has been largely attributed as well as tied to Jobs, had dissipated, and that Apple was no longer the king of cool.

Phillip Schiller, head of Apple's marketing, took on those critics in June at the company's Worldwide Developers Conference (WWDC), when he said, "Can't innovate anymore, my ass," as he introduced a radically-redesigned Mac Pro.

A short clip of Ellison's comments about Apple is available on the CBS website.


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