Apple Inc. (NASDAQ:AAPL)’s Pay System Get Thumbs Up From Former CEO, Apple Watch Not Impressive Enough

Apple (AAPL)

Despite of the outstanding sale expectations for Apple Inc. (NASDAQ:AAPL)’s smartwatch from analysts, its former CEO doubts the success of the product. At the same time, Apple Pay has received thumbs up from the executive calling it a fundamental creative leap for the iPhone maker.

John Sculley, former Apple CEO, was all praise for the current CEO of the iPad maker, Tim Cook, but he mentioned the low-risk taking practices of the technology company. While talking about the companies who are willing to take risks and go out of the line to innovate, Sculley added Google Inc (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN) in the list.

At the same time, Sculley was not convinced with the overall idea of the smartwatch from Apple. He added,

“The question is: is there anything on the horizon. I’m not convinced yet that the Apple Watch is one of those items. Maybe I’ll be wrong. But it isn’t clear to me that it’s as big a deal as an iPhone, or an iPad, or an iPod.”

Wall Street is expecting as many as 24 million Apple Watches to be sold next year followed by 10 million sales projection from Piper Jaffray.

Apple (AAPL)

But Sculley agreed upon the potential of Apple Pay adding,

“I think Apple Pay can be a fundamental creative leap. Look what AliPay is doing. So I’m very optimistic about Apple Pay. But realistically, even if you’re an optimist, it’s going to take several years to deploy that around the world. And no retailer wants to bet 100% of their future just on Apple.”

The opinion of Sculley is supported with enthusiastic response from the customers registering up to one million cards within the first 3 days of the launch of Apple Pay. Apple Inc. (NASDAQ:AAPL) has already dwarfed Google Inc (NASDAQ:GOOGL)’s Google Wallet with record launch registrations.

This article has been written by Prakash Pandey.

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