'Netflix Of China' CEO Says Apple Is 'Outdated,' Says iPhone SE Is 'A Product With A Very Low Level Of Technology'

Is

"outdated"? According to Jia Yueting the answer is yes. Yueting is the CEO and Chairman of LeEco, a China-based conglomerate that is active in the smartphones, TV, electric vehicles market. However, the company has earned the reputation as being named as the "Netflix of China" as it is also the largest online video company in China.

, Yueting argued that Apple's products are "outdated" as it is a company that focuses on hardware and software. On the other hand, LeEco is a company that focuses on the internet first, software second, and hardware third. "Apple only has individual apps. This was the right choice during the first generation of mobile net, when CPUs [central processing units] and the mobile network speeds were not fast enough," Yueting told CNBC. "However now we're moving into the next era of mobile internet, these problems no longer exist. Moreover, having separate apps just means great obstacles in the user experience. We hope to break down these obstacles." He also suggested that Apple's product design was obsolete and its innovation has slowed down. As an example, the iPhone SE "is a product with a very low level of technology." "We believe the next generation of mobile internet will be more open, more ecosystem oriented instead of being a closed look," the executive also told CNBC. "Ironically, Apple's over-dominance, lack of internet-thinking and the closed off nature of its systems, all hindered innovation in the internet mobile industry."