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8 Terrible Business Predictions (and 1 Valuable Lesson) (wisebread)
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It's scary how often ideas or concepts are rejected. History is littered with
examples of people who wrote off a piece of technology, or said someone
wouldn't amount to anything, and later had to pull their foot from their
mouth.
In fact, some predictions are so far from the mark, they're incredible. Here
are eight famously-bad business predictions that made the originator eat crow
later on. A lot of crow.
**1. Steve Ballmer on the iPhone's Failure**
_"[Apple's iPhone] is the most expensive phone in the world and it doesn't
appeal to business customers because it doesn't have a keyboard which makes it
not a very good email machine…"_ --Steve Ballmer
Steve Ballmer, Microsoft's CEO, uttered this famous quote in 2007, and now in
2011 the iPhone is the top smartphone vendor in the world. Business customers
are buying the iPhone (and using it for email among other things).
Apple's famous touch screen also became one of the biggest selling points of
the phone, proving Mr. Balmer wrong yet again.
**2. Business Week Predicts Japanese Cars Will Fail in the U.S.**
_"With over 50 foreign cars already on sale here, the Japanese auto industry
isn't likely to carve ...
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