Electronics stock prices are surging in recent weeks as new technologies such as superconducting magnets, wireless communication, lasers, and drones are on the horizon.
While the sector’s prospects are positive, some analysts say the future of the sector is uncertain.
Read moreElectronic Frontier Foundation CEO Patrick Moorhead, who is a former Apple executive, and former Google executive Ed Zincer are on CNBC’s “Power Lunch” to discuss what the company is up to.
Moorhead said that he believes the world will be changing as much as the Internet.
He said, “The world has changed.
We’re a technology company.
We’ve evolved over the years, but we’re not a technology firm.
“If we had that much time and effort, we could develop these technologies,” he said.”
The company is working to find a new business model. “
If we had that much time and effort, we could develop these technologies,” he said.
The company is working to find a new business model.
It plans to build a network of more than 30 superconductors that could be used in mobile phone chips and other future electronics.
A group of researchers led by Moorhead has already announced a collaboration with IBM to develop a new chip that would work with these superconductive devices.
Moorhhead also noted that while his company has built a number of high-end smartphones, there is a need for more affordable devices, especially in emerging markets where consumers are still living in their parents’ basements.
“People are in their own homes.
We need a way to have the phones be accessible, accessible to the people that have nowhere else to go,” he added.”
People want a lot more mobility.
I don’t want people to just sit at home.
We have to find ways to make it accessible,” he concluded.