Shockingly, 2017 is now the ninth year in a row that I’ve made a futile attempt at predicting the future. With any luck, at least one of the following will actually come to pass:
- While Tesla says it will begin volume production of the Model-3 in the second half of 2017, they will miss that goal slightly, delivering only between 4-8,000 vehicles by the end of the year. Even with that miss, the Model-3 is still going to be a game-changer. The industry underestimates how many advantages Tesla has built for itself – Tesla is several years ahead of anyone else when it comes to electric drivetrain technology, they have a massive, operational battery factory, a worldwide fast-charging network, and their advanced manufacturing experience now exceeds that of other auto manufacturers. If Model-3 is successful, suddenly Tesla will have all of those advantages AND a massive revenue stream that will be limited only by how fast they can grow.
- The Browns will trade at least one of their two first round draft picks. Analytics says that high draft picks are overvalued and that there is no sure thing in the draft, so if the Browns can turn one pick into many then they will run the numbers and take the deal.
- By the end of the year there will be rumblings in tech publications and among shareholders calling for Tim Cook’s ouster as Apple CEO. I don’t think anyone expected Apple to continue its streak of creating the next big thing once Steve Jobs died, but even the most ardent Apple fanboys are disappointed with the latest laptops, the company hasn’t updated their non-laptop Mac lineup in over three years, the iWatch continues to be a disappointment, and the main innovation that Apple has touted for the last three generations of iPhones and iPads has been “it’s slightly thinner than the last one”.
- Donald Trump’s favorability ratings will fall from the current 45% to between 27-32% by the end of the year, and there will be talk of impeachment from both sides of the aisle. I remain hopeful that I’m wrong about him, but the majority of his cabinet picks thus far seem like ideologues and loyalists, he has backtracked on some campaign promises before even being sworn-in, and anyone hoping he would change his behavior can read his Twitter feed to see that isn’t the case. Republicans don’t have any particular loyalty to him, Democrats already hate him, there are numerous potential scandals brewing, and it would be surprising if he delivers on any of his grandiose campaign promises, so I suspect he may be around for less than the four year term he was elected to.
- The stock market will end the year down about ten percent, finishing between 16,500 and 17,500. I’m obviously pessimistic about Trump and the ability of Republicans to steward the economy, but even without that pessimism, after several years of growth the market is overdue for a correction.
- Hidden Figures (which I haven’t seen) will win the Best Picture Oscar. Coming out of the Golden Globes La La Land has all of the buzz, but I think the combination of being a well-received movie, as well as Hollywood’s desire to send a message of support to minorities and women, will make Hidden Figures an unstoppable force by the time the awards air.
- SpaceX will not launch a human spaceflight mission, nor will it launch its new Falcon Heavy rocket, but it will re-fly one of its previously-flown rockets, and will complete at least twenty total missions without another accident. The Falcon Heavy was originally supposed to fly in 2013, and their manned program seems to be at least two years behind schedule, while its two recent launch explosions have also built a backlog of satellite launches that SpaceX needs to address. However, even with those issues they still offer the most promise, innovation, and excitement of any company in America; the missed deadlines can be partially excused by an ambitious timeline that is created without any margin for error in a business where occasional failures are an unavoidable reality.
- At least one of the following companies will be purchased by the year’s end: Twitter, Spotify, or Lyft. None of those three companies have clear paths to greater market share, but a Twitter acquisition offers instant social media prominence, a Spotify purchase makes the purchaser an instant media powerhouse, and Lyft is getting clobbered by Uber but would make any company that buys it the second-strongest player in the future ride-sharing economy.
- The next Star Wars movie will significantly under-perform the domestic box office take of $936 million earned by The Force Awakens; I’ll predict its box office ends up in the $500-600 million range. The Force Awakens was just an OK movie that benefited from being the sequel everyone had been waiting for since Return of the Jedi. Rogue One was a movie with a far better script, a more interesting story, and more of a Star Wars “feel”, but its box office is currently just over half of its predecessor at $512 million. The excitement level for new Star Wars films has clearly dropped, and will likely only diminish further as nostalgia for the original films wanes.
- Obamacare will not be repealed or replaced in any meaningful way. With the reality that repeal will have a lot of negative consequences, that some Republican lawmakers are expressing concerns about constituents losing insurance, and that replacement with “something better” is easy to use as rhetoric but near-impossible to implement as legislation, Republicans will instead end up stalling by passing some minor tweaks, such as eliminating some of the mandates for businesses. Since a failure to repeal the law would obviously be a high-profile defeat, I suspect they may double-down on something like defunding planned parenthood as a way to save face among the base.
- 2017 will be a turning point in the switch from cable companies to internet streaming services. HBO Now and CBS All Access already deliver services traditionally offered by cable companies without requiring a cable subscription, and by the end of the year I believe a large number of similar offerings will become available, including ESPN & the Discovery network. Additionally, one or both of Netflix and Amazon will find a way to offer local channels, thus providing an all-in-one service to completely replace traditional cable providers.
- I’m not quite sure how to quantify this prediction into something that can be judged true or false in a year’s time, but just as the Tea Party was often driven by anger that frequently turned towards Republicans who were deemed to be insufficiently conservative, I think that the coming actions that Trump and the Republican Congress will take against LGBT rights, abortion rights, the environment, and other issues will create a huge amount of anger on the Left that will manifest itself in similar ways to what was seen with the Tea Party. Given that reality, I worry that Democrats who show any inclination to compromise or adhere to traditional norms of governing will be targeted by their constituents, and while it won’t be fully manifested at the end of the year, tactics like government shutdowns and blanket filibusters will eventually no longer be tools unique to the Republicans as the far Left demands action at any cost.
- The Russian election hacking story will just be the beginning of ongoing cyberattacks that will continue in 2017 in an effort to undermine American credibility both domestically and internationally. Russia and other countries benefit from a diminished United States, and as long as these sorts of attacks are effective there doesn’t seem to be any reason they would stop. Like the election releases, released data will include embarrassing communications or incriminating documents, but will not include anything that compromises national security and would thus justify a military response.
- Google will announce an operating system to compete with Windows & OSX. There have been rumors about a Google OS for a while, but now that Google is selling its own phones and other products it makes sense for them to further expand their software ecosystem.
- The next season of Game of Thrones is going to kill off Cersei Lannister and Littlefinger. The show is totally unpredictable, so the odds of me correctly guessing anything about it are probably nil, but given the theme of Fire & Ice, Daenerys will almost certainly end up in charge of the South, and the Starks are likely to end up in charge of the North, so it’s tough to see the show not eliminating the obstacles to that happening before embarking on its final season in 2018.
There they are, everything from stock market analysis to predictions about the orange President to diminished expectations for the new Star Wars film. Given my track record, expect none of these things to actually come to pass, but as always it’s an interesting exercise, and the comments link is there for anyone who wants to join in the fun and make their own wrong predictions for the coming year.