Gregg Thurman on Can Apple deliver privacy-safe agentic AI? (video) - 'Circular argument that says nothing.'
on Pivotal moment: Mark Gurman paints Apple AI as a power struggle - 'I didn’t bother to read the “here’s all I know about WWDC” or this gossip article with any specific understanding of “features” or AI complexity or the machinations behind what was going on internally with AI and Siri Development. I don’t want to give Gurman any satisfaction of ruining Apple’s presentation or announcements, and I certainly will not read into internal personnel and chain of command matters which are private. I also don’t care if he or Bloomberg thinks they are “moving the stocks” or influencing institutional or active fund managers into their next moves in Monday or this week of WWDC. Why? Because although Apple “hasn’t delivered” the blockbuster AI killer app in the two years since Apple Intelligence was announced, Apple HAS expanded the use of AI / Machine learning into multiple apps that people use every single day, and with much of iOS 26, continued that trend. During that same time period, from 2023-2024-2025, supposedly while falling behind in AI, Apple iPhone and Mac sales and revenue increased iPhone Calendar Year stats 2024 232M +3% $200.6B +0.5% ASP $865 (from 225M iPhones sold previous 2023 Calendar year. 2025 247M +6.5% $225.7B +12.5% ASP $914 1HFY2026 $142.3B +23% Mac revenues: 2024 FY $29.98B +2% 2025 FY $33.71B +12% 1HFY26 $16.78B -1% in a production constrained environment. Even without long term AI product or plans unveiled, hardware sales continue to rise, just not as fast as some feel they should. Meanwhile, Apple (and NVidia) are really the only two hardware makers monetizing AI to any great extent.'
on Who's coming to the July 11 Apple 3.0 meetup? - 'Joe, If there is still room I’ll commit to a spot. I’m flying back from Michigan around that time. I can change my flight and come back a few days earlier to attend this meet up. Looking forward to it. John'
on This week's Apple trading strategies (6/8-6/12/26) - 'Something I’ve been thinking about recently is the idea of “good” vs “bad” money, as defined by Clayton Christensen and Michael Raynor from the Harvard Business School. That is, investment capital (and investor sentiment) that is “patient for growth but impatient for profits” (good) vs investment capital that is “patient for profits but impatient for growth” (bad). And their thesis that early investment in companies offering the former tends to facilitate success, while investment in companies offering – or insisting on – the latter tends to lead to failure. This is especially applicable to all the LLM-based AI froth out there and the absolutely extreme capex for data centers by soooo many companies, and now also the mega-IPOs anticipated in the very near future. OpenAI has struck me as the extreme of the latter: a company that wildly hypes potential growth – and is committed to spending to support it – while completely ignoring the need for (or reality of) potential profitability (or even revenue, in OpenAI’s case). There’s a good article that came out on this exact thing yesterday in fortune, by Rory McDonald, for those interested in going down that hole a bit. And your question about interest in the SpaceX IPO brought it to mind again, RPL, for obvious reasons: “When good money goes bad: the question SpaceX and OpenAI investors aren’t asking” https://finance.yahoo.com/markets/stocks/articles/good-money-goes-bad-spacex-103000391.html'
on Pivotal moment: Mark Gurman paints Apple AI as a power struggle - '“Federighi wanted software engineering to retain ownership of AI and Siri.” Federighi lost that privilege. He should not have survived the Apple Intelligence debacle. With unlimited resources and cash, Apple Intelligence has remained worst in class for 2 years. Outsourcing Google for a paradigm shift is something I never thought I’d see. Let’s hope Rockwell gets his Senior VP promotion and that Federighi joins Cook in some other role. Ternus and Rockwell seem to be much more in tune with current and future tech, while Cook and Federighi seemed more focused on iterative improvements. That Apple shareholders must wait with bated breath to see if Gemini can make Apple Intelligence a marketable product tomorrow is unthinkable. That Federighi is still in charge of AI is unconscionable.'
on Who's coming to the July 11 Apple 3.0 meetup? - '@David: I’ll send that request to Eddie. After all the drivel he writes, this will be his first opportunity to write something accurate about Apple. While he’s seated in the corner of course.'
on Who's coming to the July 11 Apple 3.0 meetup? - 'Hi, David, I’m going to try to set up my iPhone on a stand in a corner and set it to record in landscape mode, preferably in 3d. Not sure how long it can record or how long the battery will last, though. I’ll then attempt to edit it down, and all attendees will receive a copy of the edited version, including PED, who can share it to whichever 3.0 member wants a copy. BTW, we’re up to 20 confirmed attendees including 5 wives…. Joe'
on Pivotal moment: Mark Gurman paints Apple AI as a power struggle - 'AVP “viewed internally as a technical achievement despite being a sales flop …” “Internally”? I don’t recall a single reviewer of AVP that wasn’t absolutely gobsmacked by the “technical achievement.”'
on Pivotal moment: Mark Gurman paints Apple AI as a power struggle - 'But not weird compared to the rest of Gurman’s posts. The funniest bit is from the headline; “finally take AI seriously”. Despite all the twists and turns, Apple always took AI seriously. Look no further than the first M-series chip. Errol Brandt breaks it down for y’all.'
on Who's coming to the July 11 Apple 3.0 meetup? - 'Can someone accept the responsibility as scribe/secretary, and provide a summary to those of us who can’t make it? Thanks in advance!'
on Ives and Kantrowitz on Apple's WWDC (video) - 'Gregg: I asked for an update out of respect for you. Over the past few weeks there have been several new WWDC-related announcements as well news about AI functionality being built into the company’s operating systems. A few of these announcements have me revisiting some of my investment timelines. I know you monitor the news and will be doing so into and through tomorrow’s keynote and the announcements from WWDC throughout this week.'
on Pivotal moment: Mark Gurman paints Apple AI as a power struggle - 'Joanna Stern provided a recap of Siri announcements over the years. In retrospect, the achievements are laughable. youtube.com/shorts/Y8NUvWzIiw4?si=b4LcK7Z9si3s5eC5'
on Who's coming to the July 11 Apple 3.0 meetup? - 'Looking forward to seeing some pics of the evening! Hope one of you lot is good with an iPhone camera. Have fun. I’d love to come but disengaging from my boat in the Med would be hard to do.'
on Who's coming to the July 11 Apple 3.0 meetup? - 'If this happens next year, maybe my wife & I can return. My wife & I visited Boston & friends in Dunstable last month.'
