Are Apple’s Plans Enough to Bring Growth Back?
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- čas přidán 25. 07. 2024
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Everyone has been saying that Apple (AAPL) is behind in AI. Well this week at their Worldwide Developer Conference (WWDC) they finally announced some details on what their AI strategy is. But not AI as in artificial intelligence…Apple Intelligence. In this video we break down what they announced, how it compares to what we were expecting, and discuss whether or not it will bring growth back for Apple’s stock.
00:00 Apple Intelligence is here
06:24 What we were expecting from them
10:00 Apple and ChatGPT
13:17 Will it bring growth back for AAPL?
*I am not a licensed professional or a financial advisor. This content should not be taken as financial advice. It is meant for educational and entertainment purposes only. All opinions and perspectives are based on my own personal financial situation, experiences, and goals. Please ensure that you do your own due diligence before making financial decisions and/or meet with a professional. Links above include affiliate links, which means I may receive a commission at no additional cost to you.
Well my aapl stock went up 17% and that makes me happy!
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I relate to your thought process big time on all this. Love the channel man, keep up the good work!
Thanks, much appreciated!
Phew .. almost missed this video.. darn job getting in the way ..
In a noisy world, your calm, intelligent analysis adds a lot of value to my investing journey.
Thank-you!
Thanks!
Can apple intelligence stop telemarketers? 😂
Seriously that and spam texts!
Another great analysis, Matt. My goal’s to own enough AAPL stocks to cover all these apple subscriptions and device upgrades with their dividends.
Thanks! That's a good goal lol
Matt! I have not had a chance to watch the Apple conference video yet, so I appreciated your recap with what was important to you. The way you explained it, I can now see that after folks start using the new phone, it will start to become clear what is being offered and how it will make our technology life much easier and more efficient. We will see how much effort it will take to learn how to use all the new features, but Apple is known for being intuitive and providing training. I have an iPhone 8, so there is no question that I will be getting the new phone if my current phone can make it to the Fall. I have been pining away for the iPhone 13 mini that I was not able to get due to short supply after they discontinued the model, and I know they said they will not be making any more minis, but I hope they will have a small footprint option. Thanks again for the useful video!
Thanks! Glad it was helpful
AI for consumer devices (smartphones, PC's) is not going to shorten refresh cycles or drive growth IMO. Enterprise is who will spend for AI, which mainly benefits semis and hyperscalers.
This is really mind blowing. Just a lot to take in and you know this is just the early stages. It’s why you buy n hold Apple, not to mention a quarterly dividend.
Is it a good time to park 10k in apple? Potentially till the end of 2040 or so.
I too am an Apple stockholder and am excited by the refresh cycle Apple Intelligence is likely to drive (and possibly all the Android converts it will attract).
If this works as well as examples demonstrated in the keynote - and I have no doubt that the examples given are things that have been achieved at Apple development using personal context and symantic indicies - this can really drive users of older iPhones to upgrade sooner than they would otherwise as well as attract users from other platforms.
Apple Intelligence looks like it will be the inflection point on the practical application of AI - not shoot-for-the-moon attempts at AGI, but rather smaller more certain inferences which can be counted on to produce accurate results and not startling hallucinations.
Apple Intelligence will almost certainly be the model others will copy - and as the originator Apple will have a head start on the competition.
So much of Apple's software and hardware model are right for this revolution including the Apple application front end UI/back end execution engine which allows for scripting but can also be used to command applications in an action model which could make Siri the personal assistant it always _should_ have been.
I agree the "practical" applications of AI will be the most powerful for the end consumer (enterprise is a different story I think) and what they need is more an evolution of things we understand and do as opposed to some outsized new innovation IMO
Apple will grow at its own pace, as it has always done. I'm willingly and happily captive of the ecosystem, hooked since they released the iPod touch 😂. The stock has been "overpriced" for years (like MSFT), yet it keeps climbing and I believe that it will continue for many years. Congrats on holding on to it recently, without listening to the negative noise 👍
Thanks, it was a matter of time with them, we'll see how the refresh rate goes for new iPhones over the next couple years
Matt there is another large advantage to Private Cloud Compute. It won't show up as additional revenue, but rather as cost savings. The two largest expenses for an AI data centers are expensive servers from Nvidia and the cost of energy to run these power hungry servers. Private Cloud runs on Apple's own silicon which is far more energy efficient. Most importantly the data centers run on renewable energy. The sources are principally solar and wind.
This means Apple won't be dependent upon electric utilities to acquire additional energy. If needed Apple can add their own capacity increase. The utilities are licking their chops in anticipation of data centers around the world needing more energy and to a world where demand outpaces supply. Obviously the utility companies will use this as an excuse to increase rates. Apple will avoid this additional expense by running as many large language models in their own Private Cloud.
This is a good point, currently that demand isn't there (the features aren't available yet) but we know it will be, so it will reduce future costs, allow them to have more control, and even a slight selling point (we're the most private provider) in addition to any future monetization options for Private Cloud Compute.
That's a really good point, thanks for bringing it up!
Matt, Stockholm syndrome.
But I guess Apple is a nice prison to be held into, and to be honest, MS has been doing the same.
Have you noticed:
We cannot "buy" anything anymore, we can only 'rent' services. It is a bit like the serf feudal society where The landlord owns all, and the peasants pay forever.
Curiously the colour orange comes to mind here... LOL.
aapl up 18% here , happyyyyyy.
Wel well well Mr. Derron, who was right about Apple now? 😉 where are the nay sayers? I am into options and dividends for the past 8 years now, but find your channel and your single stock analysis interesting and worth watching.
I usually won't hear from the naysayers until it goes down again 😀
I "can't stand" AAPL's products but have enjoyed owning the stock.
What about Apple's products can't you stand?
@@mattderron It's nothing deep which I why I put it in quotation marks. I'm just more of an Android fan. I like using Android but still like owning AAPL.
@@Coda1850 ya we get it, you have apple stock
@@crohmer 🤫 the adults are speaking
I wonder why Warren Buffett believed he had too much Apple stock at a time when he's desperately searching for good value where to place his stockpile of funds.
Who knows, could've just been the risk / reward of Apple's upcoming earnings and their level of exposure? Not sure
@@mattderron Apple still has exposures in DOJ and regulators as well as a supply chain rooted in increasingly aggressive mainland China (as well as threats to Taiwan where TSMC produces their high end chips).
Every time China has demonstrated investor hostility, Apple has doubled down on it's investments there.
As far as I'm concerned, Apple _should've_ been moving manufacturing of non-Chinese targeted devices and supply chains out of China into safer non-BRICS countries - but I think Tim Cook made his bones by moving everything to China and he has a blind spot there.
If China invades Taiwan expect Apple devices to get a _lot_ stupider for at least five years - but then everyone else's will as well.
No.
Next question.
I heard Apple Intelligence will let me schedule texts.
I don't know if that's part of Apple Intelligence or not, but it was a new feature they talked about
@@mattderron half joking
@MrMountain707 ----- Even though it was a half joke, you are as a matter of fact going to be able to schedule a message with Siri doing all the work.
@@bruxi78230 yes, finally catching up with android