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End users "pretty much have as much computer as they need, and they really don't need twice the speed anymore", Wozniak said.
That was not the case 25 years ago, when Wozniak and Steve Jobs founded Apple. Within five years, the demand for processing power helped propel Apple into a $500m (£322m) company.
Wozniak was speaking as he joined 40 other inventors at a ceremony to mark the US Patent and Trademark Office's bicentennial.
According to Wozniak, the inefficiencies built into micro technologies meant companies were building products with forced obsolescence. Although end users would have preferred devices that could last 10 years or 20 years, they often had to deal with products that would not work after three. But that was changing, Wozniak said.
"You reach plateaux where technology can advance and make things less costly, but it can't necessarily change their essence. And I think we're at one of those plateaux now," he said. "It's good for the end user."