Telephone has Shortcomings – It was printed in a memo at Western Union in 1878 that

“This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us”

Electric Light will Close as well – Oxford professor Erasmus Wilson predicted that

“When the Paris Exhibition [of 1878] closes, electric light will close with it and no more will be heard of it”

Very Poor Energy by an Atom – Ernest Rutherford predicted (just after splitting the atom for the first time) that

“The energy produced by the breaking down of the atom is a very poor kind of thing. Anyone who expects a source of power from the transformation of these atoms is talking moonshine.”

Automobile will Never Replace Horsehorsecart – We can see how automobile has replaced horses. But in 1903, the president of Michigan Savings Bank advised Henry Ford’s lawyer not to invest in Ford Motor Co. According to him,

“The horse is here to stay but the automobile is only a novelty – a fad”

Wireless Music box has no Value – When Associates of David Sarnoff was asked to invest in the radio in 1921, he stated that

“The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?”

Nuclear Energy will not be Obtainable – In 1932, Albert Einstein stated that

“There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.”

Television won’t Capture any Market – In 1946, Darryl Zanuck (a movie producer of 20th Century Fox) predicted that

“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night”

Market for Copying Machines – IBM passed a statement in 1959 to the eventual founders of Xerox that

“The world potential market for copying machines is 5000 at most…”the photocopier had no market large enough to justify production”

Computers in Home – This was made by Ken Oslon, the president, chairman and founder of Digital Equipment Corporation (DEC). In 1977, he passed a statement against computers which was that

“There is no reason anyone would want a computer in their home.”

Music Recording will Kill Music – In 1980, a campaign was started by BPI claiming that people recording music off the radio onto cassette would destroy the music industry. The slogan for the campaign was set as

“Home Taping Is Killing Music”