Is Amazon More Innovative Than Apple?
Vanity Fair put Bezos at the top of its annual “New Establishment” list of the fifty leading innovators in various industries. However, Apple CEO Tim Cook and head designer Jony Ive fell to third place on Vanity Fair’s list. This reverses last year’s rankings, when Bezos was ranked third and the Apple execs were ranked first.
According to Vanity Fair, Bezos earned the No. 1 spot by initiating several new ventures at Amazon, as well as personally purchasing the Washington Post. The magazine also cited Amazon’s impressive stock price that has increased “more than sevenfold” since 2008.
Vanity Fair also compared Bezos to Steve Jobs by noting that The New York Times once called him “the natural heir of Steve Jobs as the entrepreneur with the most effect on the way people live now.” On the other hand, the magazine noted several problems that Apple has had since the death of Steve Jobs.