Thursday, June 2, 2016

11 Famous Forecasts That Went Awfully Wrong

From technology, media to science, here are some famous predictions by respected men that went awfully wrong. Curated by Rajasekar KS I Twitter.com/positivemantra

No market for photocopiers

The world potential market for copying machines is 5000 at most.
— IBM, to the eventual founders of Xerox, 1959

Cars will go, horses will stay

The horse is here to stay but the automobile is only a novelty – a fad.
— President of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, against investment in the Ford Motor Company, 1903

Computers at home? eh!
There is no reason anyone would want a computer in their home.
- Ken Olsen, President, Chairman and Founder of Digital Equipment Corporation, in 1977

Who wants a computer

I think there is a world market for maybe five computers.
– Thomas Watson, chairman of IBM, 1943

People will get bored of the idiot box
Television won't last because people will soon get tired of staring at a plywood box every night.
– Darryl Zanuck, movie producer, 20th Century Fox, 1946

Titanic can’t be damaged

I cannot conceive of any vital disaster happening to this vessel. Modern shipbuilding has gone beyond that.
- Edward J. Smith, captain of the Titanic, 1912

iPhone will have no market
There’s no chance that the iPhone is going to get any significant market share.
— Steve Ballmer, Microsoft CEO, 2007

Online shopping is a fad
Remote shopping, while entirely feasible, will flop because women like to get out of the house, like to handle the merchandise, like to be able to change their minds.
– Time Magazine, 1966

This phone has no value

This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.
– Western Union internal memo, 1876

Computers are too heavy
Computers in the future may weigh no more than 1.5 tons.
- Popular Mechanics magazine, 1949