Ben Gepp on Ternus as Apple CEO: What the analysts are saying - 'As an architect, I agree that there are use cases for AR/VR that I would find very useful. But it would have to have low latency( eg Vision Pro) oomphy processing power (eg Vision Pro) and would have to have the right apps developed. I’d love to design is 3D (proper bifocal 3D, not 3D displayed on a 2D screen) I think it would be very intuitive.'
on Ternus as Apple CEO: What the analysts are saying - 'Agreed. They are providing a nice tailwind of positivity leading into the Ternus transition, which will provide the ideal conditions to build on for his future success.'
on In theory, Apple's market share should grow with the rise in memory costs - 'Afternoon, Rodney. “…a better value for the buck…” Bang per buck. Simple idea, but so many miss it.'
on Ternus as Apple CEO: What the talking heads are saying - 'As soon as the tea leaves started pointing at Ternus, my thoughts were exactly what you articulated. And I have for many years now thought that one of, if not the most important challenges, had nothing to do with Apple’s position in the marketplace and everything to do with regulatory and political headwinds. I can’t think of a better division of labor here, as it seems to me that Ternus (the hubris of youth, etc.) would make a good CEO choice because he would be more eager to break the mold.'
on Ternus as Apple CEO: What the talking heads are saying - 'A talking head of interest – or perhaps “writing head” is a more apt category for him – is John Gruber, who wrote this on his Daring Fireball site: “Jobs made the right pick for his successor. And while only time will tell, it sure feels today like Cook has too. Cook has never been a product person and to his credit, he never once pretended to be. (That was John Sculley’s downfall, in a nut.) With the table set by the budding iPhone and nascent iPad products Jobs left behind, Apple didn’t need a product person at the helm in the 2010s. They needed someone to let the existing products blossom and expand. Today, it feels to me like Apple needs a product guy at the helm again. Someone with the itch to spearhead the creation of new things. Of course Cook’s successor came from within the company’s ranks. And John Ternus, more than anyone else at the company, seems like that person. Here’s Cook, quoted in Apple’s announcement today: “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”'
on Ternus as Apple CEO: What the talking heads are saying - 'It’s possible, and I’m only speculating, that the change in WWDC presentations was brought about by a need to relieve Cook of part of his workload. WWDC presentations evolved from Jobs whipping up the masses, to Cook’s delegation of presentations to department heads, to prerecorded. If that’s true, then we will see a return to live product presentations that may resemble Steve Jobs presentations, more spontaneous like and not as stiff. That won’t happen this year, but potentially in 2027. Ternus’ personality is better suited for this than Cook’s.'
on In theory, Apple's market share should grow with the rise in memory costs - 'The Alchian-Allen theorem If you add $10 to a $100 phone, you’ve added 10% to the cost. If you add $10 to a $10 phone, you’ve added 100% to the cost. a $100 phone costs 10 times more than a $10 phone. A $110 phone only costs 5.5 times more than a $20 phone. It doesn’t add more value to the $110 phone, but it does make it a better value for the buck when compared to the $20 phone.'
on Ternus as Apple CEO: What the talking heads are saying - 'Round Up the Usual Suspects! (and get the usual drivel?)'
on Barron's is bullish on Ternus - 'John, He didn’t just ship product. He shipped shareholders $$$$ through growth AND buybacks. A true artist… If Steve were still alive Apple would have probably been sitting on a trillion dollars or something 😀'
on Barron's is bullish on Ternus - 'Steve also famously said that real artists ship and no one has been better at shipping in huge volumes than Tim Cook.'
on Ternus as Apple CEO: What the analysts are saying - 'Well said and I couldn’t agree more. Dan and Tommo should get a room!'
on WSJ: Tim Cook turned Steve Jobs' Apple into an empire - 'Calling Apple’s current position “precarious” is absolutely ludicrous.'
on Premarket: Apple is green - 'From the opening bell Apple powered higher and is currently up $6.68 at $272.85. The major indexes are all in the green. Among the S&P 500 components GE Vernova is up 12.86% at $1,118.76 on very strong earnings. Masco, a major building products provider, is up just under 12% today at $74.73 as the company tops eps expectations in its most recent quarter. Nearly 50% of index components are higher on the day as we enter the noon hour in New York.'
