Roger McNamee, a well-known venture capitalist who is best known for co-founding Elevation Partners and for formerly heading T. Rowe Price’s Science and Technology Fund, has some pointed warnings for Apple (AAPL). McNamee on Tuesday told Bloomberg that while Apple is still the best tech company in the world, it could run into trouble if it keeps behaving like “a dumb monopolist.”
“Apple is beginning to do things that are obviously anticompetitive,” said McNamee during his interview. “For example… now they’re consciously trying to slow down web applications on their platform, what’s called HTML5, the next-generation development platform. And you look at that and you go, ‘Guys, why are you doing that?’ All the HTML5 development is on the Apple platform. Just let it happen!”
But despite his criticism, McNamee said that Apple is far and away the most innovative company in the world and is “the most amazing thing I’ve seen in thirty years of covering the tech industry.” The full video of McNamee’s interview is posted below.
[Via Business Insider]