Scott Galloway tells Bloomberg TV that the Consumer Electronics Show (CES) held annually in Las Vegas is like the Davos of the consumer world: It’s a great place for executives to meet, but rarely produces innovation. To illustrate that, Bloomberg TV pointed out that latest big thing emerging from CES was Nintendo in 1982. What everybody wants to see at CES each year is an Apple TV, but Tim Cook skipped the event this year and deployed a mere four-person team from Apple.
Galloway said Samsung – who fully participates in CES – is positioned in an unattractive spot despite having a capable executive team. The middle is no longer a good place for companies to be, and Samsung is sandwiched between Apple and low-end smartphone manufacturers like Xiaomi. See full episode here.