<div id="readability-page-1"><div><div>Venture capitalist Chamath Palihapitiya has delivered a scathing critique of Apple Inc.'s AAPL innovation prospects during an episode of the All-In podcast, bluntly stating the tech giant has no &#34;chance of anything&#34; when it comes to future breakthroughs.What Happened: During a discussion on the All-In podcast last week, Jason Calacanis asked the panel what Apple could pursue next — AI, wearables, smart glasses, or something unexpected.Chamath Palihapitiya didn't mince words. &#34;I don't think they have any chance of anything,&#34; he replied flatly. He pointed to a revenue chart showing Apple's heavy dependence on iPhone sales and accused the company of relying on minor product updates — such as changing charging cables — to generate incremental revenue.&#34;A company that focuses on this kind of revenue growth is not capable of creating something that’s exceptionally unexpected,&#34; Chamath said. &#34;That will come from a new company, who has no ties to the past, has no nostalgia, on the fact that we’re gonna swap out the connector type and book another billion dollars.&#34;He added that internal culture at Apple, where even AirPods revenue dwarfs OpenAI, likely leads to dismissive attitudes that stifle bold new ideas.Thomas Laffont, co-founder of Coatue, pushed back slightly, crediting Apple for successfully pivoting from hardware to recurring revenue—but acknowledged that the next transition, likely toward AI, may be far harder.Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.Why It's Important: Palihapitiya's comments highlight growing skepticism about Apple's ability to lead in emerging tech areas like AI and spatial computing, especially in comparison to nimble startups and competitors like Alphabet Inc.'s GOOG GOOGL Google and Meta Platforms, Inc. META.Apple executives have reportedly held internal discussions about a potential acquisition of Perplexity AI, with M&amp;A chief Adrian Perica raising the idea to senior leaders. However, no direct contact has been made with Perplexity, which said it is unaware of any current or future merger talks.Last month, it was reported that Apple is planning to launch AI-powered smart glasses in late 2026 to compete with Meta’s Ray-Bans. Apple aims to begin mass-producing prototypes by the end of 2025. The glasses are expected to feature cameras, microphones, and speakers, allowing environmental awareness and voice interaction via Siri.Apple reported fiscal second-quarter revenue of $95.36 billion, surpassing analyst expectations of $94.53 billion. iPhone revenue totaled $46.84 billion, up from $45.96 billion in the same quarter last year.Price Action: Apple shares are down 17.37% year-to-date and have fallen 3.19% over the past 12 months. On Monday, the stock increased 0.25% during regular trading and added another 0.44% after hours, per Benzinga Pro.Benzinga's Edge Stock Rankings reflect a continued downward trend for Apple across short, medium and long-term periods. More performance details are available here.Photo Courtesy: Kathy Hutchins On Shutterstock.comCheck out more of Benzinga's Consumer Tech coverage by following this link.<ul> <li>US Stocks Likely To Open Lower After Moody’s Downgrade: ‘Bear Market Isn’t Fully Recovered Yet, But It Is Close,’ Says Expert</li> </ul></div></div></div>

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Venture capitalist Chamath Palihapitiya criticized Apple Inc.'s innovation prospects on the All-In podcast, stating the company has no "chance of anything" regarding future breakthroughs. He highlighted Apple's reliance on iPhone sales and minor product updates for revenue growth, suggesting that true innovation will come from new companies. Despite some acknowledgment of Apple's pivot to recurring revenue, skepticism remains about its ability to lead in AI and spatial computing. Apple is reportedly planning to launch AI-powered smart glasses by late 2026, while its stock has seen a significant decline this year.

- Venture capitalist Chamath Palihapitiya criticized Apple Inc.'s innovation potential, claiming the company has no chance for future breakthroughs.  
- He highlighted Apple's reliance on iPhone sales and minor product updates, suggesting that true innovation will come from new companies unencumbered by past ties.  
- Despite Palihapitiya's skepticism, Apple is reportedly exploring AI advancements, including potential smart glasses set for late 2026, while facing a decline in stock performance.  

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What's Next For Apple — Chamath Palihapitiya Fires Back: 'Don't Think They Have Any Chance Of Anything,' Dismisses Glasses And AI Hopes