This entrepreneur just called Apple 'outdated' and 'obsolete'

Apple now 'outdated?'

Watch out Apple, this Chinese tech company is coming for you (and they're quite confident about it, too).

In his first ever international interview, Jia Yueting of Chinese company LeEco called Apple "outdated" and "obsolete," along with criticizing the company's sense of innovation. Rawr!

Yueting, who was attending the China Entrepreneur Club (think of a summit similar to Davos), spoke about what he perceives as a core difference between his company and Apple:

"We think the difference between us and Apple is very large. Apple is a mobile phone company focused on hardware and software. [LeEco] is focused on the internet first, and only then on software, and finally on hardware."

LeEco's product portfolio spans mobile phones, televisions, mountain bikes and as of last week, an electric car called the LeSEE, a self-driving and high-potential Tesla rival.

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On Apple's latest iPhone SE release, Yueting had these choice words to say:

"From an industry insider's perspective, this is a product with a very low level of technology...We think this is something they just shouldn't have done."

Apple's fourth-quarter results last January did mention "signs of economic softness" in the Greater China area, and it's anticipated that a fall in smartphone sales will be announced when first-quarter numbers are released later this week.

Yueting believes that a lack of fresh ideas and technology are what's hindering Apple's success:

"We believe the next generation of mobile internet will be more open, more ecosystem oriented instead of being a closed loop...Ironically, Apple's over-dominance, lack of internet-thinking and the closed off nature of it's systems, all hindered innovation in the internet mobile industry."

Regardless of whether or not Apple's sense of innovation or sales are dwindling, it's certain that Yueting's confidence in his company and doubt in his international rivals are not.

We're interested to see what the rest of the year has in store for both companies.

RELATED: The 11 greatest moments Apple's ever had on stage

The 11 greatest moments Apple's ever had on stage
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This entrepreneur just called Apple 'outdated' and 'obsolete'

1. When Jobs returned to Apple in 1997, the crowd erupted with applause and cheer as he walked back on stage for the first time.

(Photo via YouTube)

2. The introduction of the first iMac was a milestone for Apple. It was the first computer that seemed cool and not focused on the enterprise. The crowd ate it up.

(Photo via YouTube)

3. The crowd went nuts when Jobs demonstrated how WiFi works back in 1999.

(Photo via YouTube)

4. Jobs showed the world the iPod for the first time at an intimate event in 2001.

(Photo via YouTube)

5. Conference attendees went ballistic when apple unveiled the iPhone in 2007.

(Photo via YouTube)

6. He even prank called Starbucks on stage and ordered 4000 lattes to show how well phone calls worked on the iPhone.

(Photo via YouTube)

7. Apple debuted the iPad in 2010 at half the price most people expected.

(Photo via YouTube)

8. One of Jobs' most memorable "one more thing" announcements was the first Facetime demo in 2010.

(Photo via YouTube)

9. Jobs perfectly summed up the company's approach to mobile with a simple image of a street sign.

(Photo via YouTube)

10. Apple CEO Tim Cook used Jobs' famous "one more thing" line for the first time when he unveiled the Apple Watch.

(Photo via YouTube)


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