Home / FINANCE / Markets / Steve Ballmer famously slammed a iPhone — here are 12 other times bosses got it wrong on new tech

Steve Ballmer famously slammed a iPhone — here are 12 other times bosses got it wrong on new tech

North Pole BlockbusterBlockbuster was a strike in a ’90s.North Pole Blockbuster

Sometimes a subsequent large thing isn’t easy to spot—even when a a iPhone, that distinguished its 10th anniversary today.

Steve Ballmer, owner of Microsoft, infamously pronounced that Apple’s new invention was a rubbish of money.

“Five hundred dollars? Fully subsidized? With a plan? we pronounced that is a many costly phone in a world,” Ballmer reportedly pronounced of a initial iPhone.

“And it doesn’t interest to business business since it doesn’t have a keyboard. Which creates it not a really good email machine.”

Here are a few of a favorite times bosses laughed in a face of disruption,  courtesy of investigate organisation CB Insights. We’re edition them here with permission.

Some of a predictions are aged adequate that they’re apparently wrong — people discharged personal computers and streaming video. And some of those creation a predictions ran companies that are now gone since they missed a boat. With others, a jury is still out as to how off bottom a exclusion was.

You can see a full list of 33 quotes on CB Insights blog:

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