Steven Philips on Evercore: Here comes the iPhone Ultra - 'Is this Fred? Or has Jerry snatched your body? 🙂 I’m OK with whatever happens as long as that’s a four month price target! 🙂'
on Evercore: Here comes the iPhone Ultra - 'Why do people keep seeing a foldable iPad inside an iPhone? That misses the shear pleasure of a big screen. People will take out their Ultras at social gatherings to share photos just as they do now but the experience becomes richer; And you get to show off your Ultra. FaceTime, Zoom, Teams, calls become much better. If you’ve ever used a stock trading or banking App, you’ll love having 2x the pixels. Travelers can enjoy videos or all forms on an Ultra. All this with one pocketable device, one wireless plan, and one charger.'
on Premarket: Apple is red - 'Minutes from the close and Apple continues to lead the DJIA on the day. The shares are up $8.48 or 2.68% at $325.33. This is while 70% of the 30 stocks in the index trade at below Monday’s closing prices. On the S&P 500, 70% of components are also currently trading below yesterday’s closing prices. It’s a good day for Apple and its new CEO on his first day in the role as the share price performance is far beyond the crowd.'
on Premarket: Apple is red - 'Maybe some of the positive stories about Apple’s AI strategy and potential are finally catching on, or Ternus’ “phenomenal” reference to the upcoming iPhone release in his first memo to Apple staff this week? **** Team, Today, on my first day as CEO, I just wanted to send a quick note to thank everyone for the warm wishes. I also want to extend my deep appreciation to Tim for sharing so much of his knowledge and experience during this transition, and more importantly, for everything he contributed to Apple over the years. We’re so lucky to have had a CEO who led with his values and with such decency and humanity. We are all better for it and I’m so grateful he’ll be our executive chairman. I’m honored to be stepping into this role at what is truly the greatest company in the world, and I am so excited about everything we have in store. We have a huge launch next week that’s going to be phenomenal. Thanks for everything you’ve all done to make it possible. I’m just as excited about what lies beyond that, including the incredible products already in the works and the ones we haven’t even imagined yet that we’ll dream up and create together. There’s no team in the world I’d rather build the future with. More to come. In the meantime, thanks for your excellent work! John'
on Live immersive baseball on the Apple Vision Pro is a hit - '” If people are going to buy millions of a foldable iPhone at $2000, then perhaps and AVP around that cost would work.” If it were up to me, and I had a choice for going forward, of foldable or Vision Pro, I’d choose Vision Pro. Priced the same doesn’t equate to equal net income with same quantity sold, because of product cannibalisation by the foldable. On top of that, app sales will migrate from today’s iPhones to the foldable as all the foldable adds is a larger screen. Whereas as Apple Vision Pro is an entirely different category that won’t cannibalize any current products, and because content will be presented in a novel new way it won’t cannibalize existing content. This is because most Vision Pro content will be offered within subscriptions, or higher priced ala mode. In other words Vision Pro revenue will not diminish existing streams, but rather, will be additive. What is the TAM for remote viewers of NBA, MLB, FIA and FILA?'
on Nate B. Jones: With the new Macs, Apple is betting on desktop AI (video) - 'I can see NVIDIA ‘AI boards’ for desktop PCs. But I don’t see a Microsoft/NVIDIA alternative to Mini Studio anytime soon. The thermal engineering will be a big hurdle, along with more general energy aware and resource aware computing. (Microsoft has a lot of work to get the Windows codebase to where it would compete with MacOS on energy/performance-per-watt…)'
on Live immersive baseball on the Apple Vision Pro is a hit - 'I think Apple wants many more developers, studios, etc. producing the immersive video. It has done some great demonstrations, such as this, but I think it needs many more productions. However it is a chicken-egg problem, as usual. It needs more content but to get others involved, it needs more AVPs in use. Apple can afford to do immersive video at a loss but no one else. Apple really needs to get a cheaper AVP out. I wonder how much cheaper it might be if it could offload some of its computational needs (and hardware) to an iPhone. If people are going to buy millions of a foldable iPhone at $2000, then perhaps and AVP around that cost would work. (Of course, hard to do in today’s semiconductor market)'
on Premarket: Apple is red - 'I wonder if this is the “safe haven” effect again? Everything else is headed down so put your money into Apple for safe keeping. On my stock app everything is red except Apple. As of 9:35 Pacific time it’s up 3%.'
on Live immersive baseball on the Apple Vision Pro is a hit - 'Apple has always known what it has on its hands, including the problems that need solving. But truly immersive viewing and hearing is already here, even if it’s not in its final form, and many of us have known it for quite a while. The surprise is that it’s a surprise….'
on Live immersive baseball on the Apple Vision Pro is a hit - 'sales numbers don’t worry me .. as soon as they see immersive video from any sport in store, they will throw their wallet at it … they just need to fix their in game cameras, which I assume has liability and trademark issues, but what I have seen so far is amazing'
on Nate B. Jones: With the new Macs, Apple is betting on desktop AI (video) - 'From this piece, it looks like Nvidia is not ceding desktop AI to Apple. Nor is Microsoft. The next few years will be very interesting indeed! www [dot] youtube.com/watch?v=4Spv25xd5Jo'
on Premarket: Apple is red - 'CNBC had Laura Martin on (a contra indicator analyst) saying Tim Cook left John Ternus a poor AI roadmap for the future. Made it sound like Apple was on the ropes. No mention of Apple’s rise today. I think the market disagrees with her thesis.'
on Live immersive baseball on the Apple Vision Pro is a hit - 'Would love to see an Apple campaign where they invited people to bring in recorded sporting events shot on qualifying iPhones that support spatial video, perhaps of themselves or their children, and to watch it in an Apple Store on an Apple Vision Pro. I have to believe this would help stimulate sales of Apple Vision Pro. Concert videos, or any special occasion would work, too.'
on They say that Apple, the company, was Steve Jobs' greatest product - 'IMHO, people who say “Tim Cook Wasn’t a Product Guy” haven’t a clue what a real technology “product guy” is. Both Tim and Steve had failed products. (Steve: Apple TV. Tim: Apple Car). But that doesn’t mean they weren’t highly effective product guys. Companies that never fail at anything are usually companies that are way too risk averse. There is an enormous amount that goes into any successful technology product launch. It’s not voodoo. It’s a lot of hard work. Geoffrey’s Moore’s book, Crossing the Chasm, is a superb guide to successful product strategies in disruptive technologies. Read it, and you might realize: Oh, Tim actually is a product guy after all.'
on Giving Apple's Tim Cook the recognition he deserves - 'A new day has dawned. I think JT will continue Apple down the path of innovation. I think the coming day is bright.'
on An Apple CEO's valediction - 'For investors, here’s the part that differentiates Apple: “This place is proof that culture triumphs over everything. We share a belief that what we build matters, and that we have both the opportunity and the responsibility to leave the world better than we found it. That purpose is part of what makes this place extraordinary. ” Other companies that have done extremely well for their shareholders often have culture as key, even if each culture is different. Many books have been written about culture not only at Apple but also Tesla, SpaceX, Pixar, Nvidia and more. All very different cultures. But they share one thing in common: Big dreams and a culture oriented towards achieving them. This then creates something for shareholders that they all share: outsized returns sustained over record-breaking time spans.'
