The most popular cell phone on the planet, Apple’s iPhone, is losing fame, says PayPal co-founder and the first Facebook shareholder Peter Thiel.

58774e1dc36188032c8b45c4 Age of Apple is finished, Confirmed by Peter Thiel But Its Not because of Tim Cook
Peter Thiel, co-founder of PayPal. Image By: Alex Wong / Getty Images

When questioned as to whether “the period of Apple is over” by The New York Times, Thiel replied: “We understand what a cell phone looks like and does. Tim Cook is not responsible to blame, however, it’s not the same, where there was any innovation.”

In October, Apple announced its first yearly income decrease in 15 years, and it wasn’t for the first time. In the three months closing September 24, the Cupertino, California said its income decreased in regards to nine percent year on year.

See more: Apple Will Decrease Their iPhone 7 Production over 10% in Early 2017 Due to “Low” Sales

There have been numerous criticisms that Apple appears to be not able lift spirits the way it once used to. Apple, however, wasn’t the main organization to make the most of Thiel’s dark beliefs.

A few experts says the mother earth may have achieved “peak Apple,” as about everybody who needs and can bear the cost of an iPhone and different items as of now has one.

The iPhone was initially released in June 2007, changing the telecoms business. But, Apple is confronting a lot of rivalry from cell phones that run’s on Google’s Android, and different devices.

For More on Peter Thiel, watch: 

AS The Device of Huawei Slides In, The Battle Between the Smartphone Known as Apple and Samsung