The absence of late co-founder Steve Jobs will hurt Apple (NASDAQ:AAPL) and give competitor Google (NASDAQ:GOOG) a big advantage in their rivalry, according to Tesla (NASDAQ:TSLA) and SpaceX founder Elon Musk. Musk, who was speaking at a government-sponsored roundtable in London last week, said that the person on top made all the difference to a company’s fortunes and that Google chief executive Larry Page provided the search giant an edge over Tim Cook’s Apple.
“It’s the grudge match,” Musk said. “It’s good for consumers that there is this battle. I think probably Google will win on the phone because [Steve] Jobs is out of the picture. It matters quite a lot who runs the company. Years ago they were lowering Apple into the grave … Larry Page is quite good and probably in the long run will come out on top.”
Our 20-page proprietary analysis of Apple’s stock is ready. Click here and to get your Cheat Sheet report now!
Musk also gave a vote of approval to Google’s policy of letting managers contribute part of their time to personal projects, something that Apple was recently reported to be looking to emulate. “If they don’t do that then they won’t make the right decision for the other 90 percent of their time,” Musk said.
The entrepreneur picked Twitter over Facebook (NASDAQ:FB) as the social network more likely to succeed in the longer run. “Facebook is quite entrenched and has a network effect,” Musk said. “It’s hard to break into a network once it’s formed. But I’m quite glad there is Twitter there as well. Twitter’s growth is astounding and I trust Twitter a little more. I don’t use Facebook.”
Don’t Miss: Apple’s App Kingdom is Booming.