> The bottom line: Apple has 24 to 36 months before it has its own AOL moment, according to Brian Mulberry, client portfolio manager at Zacks Investment.
That quote alone is hilarious. What a low effort article.
Do any of these people know that Apple is a hardware company and all of their services are just a side business? Apple is poised to make a fortune selling devices powered by their low power consumer chipsets that can run neural networks. There's really no competitor in that space.
Apple has plenty of time and money to watch other people flailing around trying to make AI first devices until they even really start to take it seriously. Even if someone else figures out to make a killer mobile AI app, it will absolutely support iPhones for the foreseeable future. All apple needs to do is make sure their chip pipeline supports it.
Google is the one that is facing an existential threat. Most people see their search engine as basically just a shitty ad-infested chatbot that produces worse results than chatgpt.
A hardware business cannot demand a P/E ratio in the 30s range, especially given that supply chain disruptions are going to eat heavily into their margins.
That's not an accurate quote. You skipped the rest of it:
> "With the cash they have on hand and the loyalty they have…there would have to be something disruptive in the marketplace that would draw away customers. It's not there yet," he says.
I take that to mean they're in a good position now, but they might start losing customers in the next 2-3 years, should stronger competitors show up. I don't disagree. I don't see Apple doing anything special that will protect them as different kinds of hardware come to market. Steve Jobs was responsible for the iPhone and iPad. Apple can only ride on his work for so long.
I really hope investors buy into this as it’ll be a great new entry point into the stock. I mean they seem to be buying into whatever without thinking so why not. AOL moment indeed.
Ironically I was playing around with BasiliskII last night and was reminded how janky and tasteless the OS got before making the break to Aqua.
But now there is no “war path” Steve Jobs to come in and basically lay down their life fixing the product line up.