The American, who quit Apple in 1987 12 years after creating the technology giant with the late Steve Jobs made the comments as he took up Australian residency, with a view to living Down Under permanently.
In an interview with the Australian Financial Review on Friday, he also praised current Apple chief executive Tim Cook for breaking free from Jobs's "dogma" by allowing a big-screen iPhone to be made.
"I really admire Tim Cook and admire that they broke a dogma that had come from Steve Jobs, which was about only having small phones," he said.
"The iPhone originally made it because it looked like a big phone, and then, when rival phones looked bigger than Apple's they continued to say 'we are right'.
Wozniak, who has a son living in Sydney and said he one day wants to be able to say "I lived and died an Australian", buys all the latest devices from a variety of tech companies to form his own views on what is working best.
Wozniak, who remains on the Apple payroll, is not a big fan of smartwatches, saying no company has yet figured out a compelling reason for them to exist."I bought a few of the early smartwatches, including Samsung's, and they were so disappointing," he said.
"When I see people wearing it, I think they are cool because they are brave enough to play with the future with a device that makes no sense in terms of what it does for what it costs," he said.
"In my mind, it is a great product that will not succeed, just like many other great products that didn't succeed."