Peter Thiel says Apple stopped innovating after Steve Jobs's death

Business Oct 25, 2026

Billionaire investor Peter Thiel thinks Apple hasn't brought any real game-changing ideas since Steve Jobs passed away in 2011.

On The Builders podcast, he said Apple's biggest leap was the original iPhone, and since then, the company mostly just updates products like the MacBook and iPad instead of launching anything truly new.

Thiel calls Apple 'well-run value stock'

Thiel compared Tim Cook to visionaries like Jobs and Elon Musk, saying the company now feels more like a "well-run value stock" than an innovation powerhouse.

He's voiced these concerns before (back in 2017, he argued that smartphone innovation had already peaked).