Tim Cook Reveals Apple’s New Growth Strategy
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- Опубліковано 3 лип 2024
- Tim Cook Talks to Marques Brownlee to answer questions about their Apple Intelligence and the growth of the company.
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00:00 Apple Stock Price Movement
03:06 Apple's Branding of AI
07:34 Google vs Apple in Gen AI
09:36 How Apple Protects Their Moat
15:10 Apple's New Way To Make Money
19:08 My Apple Trade History
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I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on UA-cam full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, timeline, and overall circumstances.
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AI stocks will dominate 2024 but not just AI. NVIDIA, Alphabet, Tesla are at a better placed to maintain long term growth potential, and provide a platform for other AI companies. I have made more than 200% ROI from NVIDIA with the help of my stocks advisor. With the help of my advisor I agree that stock Like Twoo would also go higher in the next year and a bit high this year with the announcement of launch of its video game.
This is Interesting because i bought NVIDIA around September last year. The company is selling shovels in a gold rush. It accounted for almost 80% of my market return last year, and I'm sure this year will present other interesting stocks.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
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Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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Haven’t doubted Apple since 2011 since I worked for them. They deliver consumer products. No matter what happens, people want their stuff.
I don't even like apple just know people treat it like a cult.😂 super loyal and will buy at any price
@@Flawless_technique I wouldn’t say it’s a cult. I was in the wireless industry for 12 years. Worked for all the major carriers - Sprint, T-Mob, AT&T, Verizon, Cricket and Spectrum Mobile. I used to make fun of the Apple users. Was die-hard Android for years. I tried an iPhone just out of curiosity. One thing I’ll say is Apple has an ecosystem that is easy to use, and difficult to leave.
@@Flawless_technique that's not really true lol
People buy Apple products because they don't want to bother figure out the "right" setting just to have their phone/laptop works. I personally buy iPhone/Mac so I can just focus on other more important things in my life rather than wasting hours tinkering with these devices just to make it works
Just because the stock went up doesnt mean that the new strategy will deliver value.
This is the most difficult part of buying the right stock.
That is very true. I don’t believe anything in this video was said to suggest otherwise.
The stock went up because the strategy is expected to deliver value, (i cant see how the strategy wont deliver)
Tim's Cooking
Let him cook 🔥
I see what you did there
LET TIM COOK!
Good vid Joseph, I respect the transparency. Keep it up.
Thanks for your great work.
Thank you Joseph 🎈
I bought AAPL during an earlier dip. lucky me.
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Sandy Barclays’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!
Sandy Barclays program is widely available online..
Throughout my involvement in various trading programs over the years, sifting through a wealth of information, I have yet to encounter anything that rivals the clarity, depth, and precision of Sandy insights. It's like uncovering a diamond in a coal mine.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Sandy Barclays’s understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. Her siignals are top notch..
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Im not an apple fan personally, but i love the analysis. The fact they have been using "a.i" without calling it a.i is what they needed to do, just mentioning that on a conference call can make a stock rise for competitors, the fact theyve had working products and have so much stuff they could add to their services portions is a big plus. Your comment section can't get passed the phone sales part when the services segment is going nuts.
Thank you
Love these kind of reaction videos!
This is the best take I’ve heard yet
Way to hang in there with AAPL through the rough patch, and with your "Average Hold Time." You're always inspiring! I'm at 18 months average hold time (I started managing my accounts in 2020), and growing.
Very good content! Good job. Nice trade with Netflix!
Hi Joseph, fantastic video.
Appreciate the transparency about the sell being sub optimal
My fav was the Magic Mouse segment :D
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm a long term investor, I withdrew my profits of over £61,000 during the covid-19 pandemic.
This sounds so good and I would like to be a party to it, is there any way I can speak with her?
Her good reputation already speaks for her .I’m also one of the beneficiary of Natalie Strayer. So happy I gave it a trial after being skeptic of the process.
One of the best vids so far. Nice job interpreting this Tim Cook interview. Apple feels like one of those companies that always underperforms compared to its intrinsic value. You've mentioned this before. Much of the talking heads always say that Apple is too expensive and is going to come down. The market listens. However, the company is rock solid, innovative, and cash rich. The only way this company will tank is if the government specifically targets them to break them.
I bought Adobe stock after watching ur previous video and Finally good result came out today. thanks for ur information. Hope you can follow up in the near future. Anyways, Adobe software is very popular here in Korea as well.
Agree with your analysis and comments. Apple stock price is going much higher in the next 2 to 3 years.
brilliant intelligent analyze
I bought the dip 🗣️🗣️🗣️
Don't underestimate Vision Pro. It's a first gen device so it has its faults now but imagine what it's going to look like in 5-10 years... especially in certain industries
Great video Joseph, reslly changed my mine on apple.
Will qualtrim be awailable for non patreon members?
Bought Apple 6/20, and then doubled my position on 3/24. Feeling pretty good now.
I have great hope for Apple in the AI market but there is a huge untapped market in Asia that no phone company besides Samsung has addressed, India for example has increased import tariffs especially on Apple phones, is this an era of Apple of jumping into a new industry again because people are getting a little tired of the old ones? And I say it anecdotally to begin with, many of my friends and relatives getting on angry at the state of the phone market right now. This is just in retrospect of apples latest news… as always a great video! Thank you Joseph for being an inspirational investor for this 19 year old!!
Hey Joe what do you think will happen with adobe after the earning call today ?
Glad I didn’t sell while you were trimming 😁
lmao same. Gotta have some faith
Apple is everything why I'd never own an iPhone but own the business
Your assumption for why Apple does a dedicated handover to OpenAI relies on the same schema as for the default browser. This assumption is too narrow IMHO. Think beyond USA, and you’ll realize that this move allows Apple to pick a dedicated LLM provider per market, and this makes sure that Apple is compliant to stricter regulations like China. In that market, Apple now can pick Alibaba LLM which is compliant with the local government. Smart move I’d say, as it can help to bump sales back in China.
They’re not losing in China bc of reason like that they’re losing in China bc Xiaomi is offering similar level tech at a way cheaper price and along with that the cheaper options are crazy viable still. It’s status symbol marker also kind of going south there and with all things considered does someone need an iPhone to run WeChat? No every phone can have WeChat and with that being the case why spend the premium if its unnecessary. Apple will get a supercycle due to US consumers buying but I doubt the growth comes in China or other global markets they have to kind of pray that India grows rich enough quick enough to become a new market.
i guess apple won't be standing up its own in-house llm then, since it is betting on external ones to make money
@@aerohk are you surprised? All features nowadays are stolen or used from others.
@@Winalways-tn3dc Losing market share to local competition is to be expected. Huawei and Oppo do offer very competitive phones with top notch hardware. What I refer to is the fact that they advertise for intelligence, which is majorly sustained by OpenAI. However such solution is banned in China due to lack of compliance to local regulations. If they made their software architecture flexible enough, they can definitely diversify the LLM based on the market. So it would simply allow them to advertise the feature also in this stricter markets like China.
Hi Joseph,
What percentage of AAPL do you have now?
FYI, Apple is NOT the largest company, it's still Microsoft as of the end of the trading day.
It was at the time of recording which is why he mentioned it.
I appreciate you being honest about your 1 poor Apple trim. You are more honest than most UA-camrs
Thanks for your honesty with your unfavorable Apple trims. I felt your last one was also poorly timed but hey we all do this at some point or another as we cannot predict the future. For me I saw Apple as one of the only companies that did not introduce AI yet and knew when they did it would greatly benefit the stock.
I remember when you trimmed. Honestly, there wasn't anything wrong with your thoughts at the time in your video (plus I think you reinvest the gains to other companies anyway).
I was tempted to trim them, but at the time, I just didn't see anything to buy at the time.
I slowly sold all of my Apple positions then adding them into Amazon instead. Long term I feel like Amazon has much more growth left compared to Apple.
amazon is a marketplace with its own hosting servers and services. nowhere to go.
Im really excited about Amazon’s future. It has many characteristics I like.
I did the same
I prefer Microsoft. They own have of open ai. Even Apple is integrating open ai. So Microsoft will literally benefit from every Apple product
Why not both 🤷♂️
Everyone else’s compute cloud now feels less private
Joseph, please make a video about recession rumors in 2024-2025. How real you think is it ? Thanks
To be fair AAPL is probably the biggest 'spec' talker in the business. WWDC is generally a development overview so they don't talk specs - but when releasing new products in the fall every minor tweak is pointed out with numbers, exclamation points and superlatives.
You trimmed only after Buffet did. I can fairly say that influenced your decision a great deal
Objectively, I observed you saying one key word that got in your way, long term. "Trimmed". I propose, we should buy and hold these masterpieces and simply only BUY more, when they seem undervalued. If there are problems ahead, just sit tight, wait for the buying opportunity, and strike when there is blood on the streets. Just my two cents. I appreciate everything you do for us. Very inspirational.
Your two cents are very Valuable 😊
Why do you think OpenAI will be paying to Apple rather than other way around?
Because Apple can choose another AI platform as the default option on their phones.
Just as Safari picked Google as the default search engine.
Because otherwise, there would be no incentive for Apple to choose them over a free alternative such as Grok or Dolly 2.0.
Whats the benefit? You can talk with your phone but the Ai is in the cloud.
So the annoying part is if your Connecting isn't always perfect your Ai can't answer faster then Siri does it now.
The hardware specs- knits, processor, brightness, M1, M2 is mostly Apple advertisements. Just bcos they say you are picking their lines.. There is no independent analysis of your own..MKBHD is very critical on any products where there is no value and that's why he is highly watched and appreciated.
That tech from the 80's - "help ive fallen and cant get up!"
Joseph "apple" Carlson
Lol why that middle name?
Lol why that middle name?
He's been pushing this stock for 2 years
I mostly agree, but I don’t really see the llm default position as that valuable atm. They ensure that the data isn’t stored and not used for training. So there isn’t much value in it for the side providing the LLM. My guess would be that right now Apple Pay’s openai, because apple has no large model with „world understanding“ as they called it, and they didn’t want to limit Siri that much. Perhaps in the future that will change
How many of their own shares did they just buy back over the 2 past days?
I could be wrong since I'm not an Apple person, but the takeaway seems to be:
1. Apple says it will use AI in its OS in ways that are pragmatic and helpful... but we still don't know what that is going to be. How much should the share price increase based on this exciting, yet nebulous, news?
2. Apple's coupling of AI in its ecosystem is a brilliant tactic because user privacy concerns will prevail in antitrust actions designed to open it up for competition... But none of that matters because Apple will embed the option to allow users to select their AI provider/model of choice. This is so NOT unlike Google, where the system requires users to grant permission to allow their apps of choice to access their data.
3. By opening up its ecosystem to third party AI model providers, there is the multi-billion dollar "default" position up for grabs. Apple's profits will soar.
Bottom line: Apple will be more like Android, and whatever AI brings, it will be useful. Apple will continue to do well.
Who or what company invented generative AI?
At 170 I wanted sell Apple but resisted the urge, it’s time to cut down today! The unexplainable thing for me was how Berkshire is 40% Apple but on a day Apple was up so high Berkshire was down!
Yea, I was asking myself the same thing
That was a strong hold and congrats on the past two days, I question how they will be going forward for the next say 5 years but I’m curious if you have a thesis to continue to hold onto the position I have an opposing view personally but I’m open to hearing the other side.
AAPL is not 40% of Berkshire Hathaway it’s 40% of their stock portfolio
@@TheBallers102 in any case Apple is a considerable part of their value and brk was down…
@@Winalways-tn3dc I have been holding Apple for 15 years! Off late I am not high on apple personally they have been underperforming last several quarters, good time to sell A few IMO
Your last Apple cut had me sweating haha but I held on!!! Glad it’s reversed a bit. Who knows though!
I don’t think the default LLM will be able to sustain the same price tag as Googles default browser. Googles browser is good for list results, which are more suitable for consumers. “Sushi restaurants near me”, the consumer wants to quickly compact prices, reviews, etc…they don’t need a prose paragraph response.
With that in mind, the “sushi restaurants” of the world, will continue to pay google to be spotlit in those results, and how google will continue to afford to pay for that default browser. Not sure how the company that pays to be default LLM will be able to monetize it as easily
For the LLM, it wouldn’t be to monetize, it would be to get data and familiarize their AI model with consumers.
Marketing 101 sell benifits not features. It's strange how few companies understand this. Apple nails it though.
Not to sure how LLM paying for the default spot will work. It already costs these companies a ton of money to run queries daily. I don’t know if a company being a default will bring them revenue. I guess at the right price and potential upside, it’ll make sense.
Presentation
Going with Open AI is a big mistake on the part of Apple. Open AI may need to monetize privacy data or charge a subscription and Apple may have to pay if they are sucked into a fear of missing out on the LLM technology. It will be better if they stick with Gemini and Google despite the antitrust lawsuit. There is better integration between Google as default search browser and Gemini as an add-on widget and privacy will definitely be assured as Google does not need to charge even a subscription for its usage. They can afford to divert traffic to search for users to follow up. They could prove that working even more closely with Google allows better user experiences on their platforms and that focusing purely on competitive markets should never be the end goal. This will definitely turn the antitrust lawsuit on its head. I forsee that LLMs will be a new kind of search. But, having hyperlinks on a search rank page to get alternative views and ideas will still supersede LLM. So, I think even if Google misses out on the LLM partnership with Apple, Google will still thrive.
Nice they passed your $200 dollar mark for the year already
Fanboi!
Apple surpasses Microsoft after the announcement that they are going to implement technology owned by Microsoft🤔?🤣🤣
MK PHD
Appl to $500 share
i’m selling apple and buying amazon and tesla i’m just not impressed with apple products anymore
Amazon I can agree but why Tesla?
@@Winalways-tn3dc is either you believe Tesla will have robots doing most of our jobs in 10 years taking everyone job also bringing down inflation or you don’t it’s pretty much that simple remember robots can work 24 hours can’t call out sick and can’t take vacation
@@Trenchs_To_The_Riches And how long do you think it will take until we’re living in an Isaac Asimov story? It took Musk 20 years to get Tesla to this point - with 7% of the car market, and a poor reputation for build quality, service, and employee morale. Musk and his supporters see him as a real-world Tony Stark, but more and more he’s a late-stage Henry Ford.
That’s setting aside the idea that a car company shouldn’t be a robot company or solar company or AI company or submarine company or flamethrower company or…
They can't even sell cars correctly no shot they have capital allocation enough to make machines to do all that especially with entrenched union in the United states automakers industry. Maybe Alibaba in China without we much strict labor law, but even then It's alot of robots but nothing like you're implying . Even if we can take into account robots work and are making cars the market is slowing down and that is future projections. GM today just lowered their projection, Ford as well, with many more to follow. All the machines will be making cars for no one to buy. They just came out and said that to you can see all the cars in Tesla lots from space because they are just sitting there. @@Trenchs_To_The_Riches
I bought apple in 2007
gratz to u
Great, you still holding since 2007?
Yes fortunately still have them
From acting on a sell rating to slerping AAPL. 🤣
Never bet against apple
All this is great, but we still have no growth and under 3% buyback yield trading at over 30x earnings. Where are business returns supposed to come from at such idiotik multiples?
Short term earnings and revenue growth from consumers buying the newer products that support Apple Intelligence.
NEVER TRIM APPLE
Honestly, the only AI that has ever really impressed me are Google search results, and that was the case many years before anyone ever presented generative AI to the public.
For a long time now, we've been able to type in a question into Google in plain language, and it always knows what you're looking for and serves up the best, most relevant results. Even if I can't think of the name of a famous personality, I can describe what he looks like, and Google will know what I mean.
Generative AI looks like overconfident, incompetent regurgitation of Google search type results presented with extreme confidence to distract from the fact that the information is flawed. Detection of afib in an apple watch is not impressive AI at all. I feel like I could write a code for that in a day. I probably couldn't, but it's so much more solvable than general intelligence.
I still think if true superhuman general intelligence-level AI is possible, it'll be Google that develops it and takes over the world with it.
That's why I bought shares in 2007 and still hold it to this day.
More default positions more antitrust lawsuits.😢
Apple dumbs down it's products and thinks that justifies it's outrageous prices, which is just one other reason why I'll never own any of their devices, but I do own their stock.
Microsoft owns half of open ai. Even Apple is integrating open ai. BUY MICROSOFT. Also Apple having a 30 PE is not a signal to sell lol. That’s very healthy for Apple.
Microsoft owns 49% of profit distributions, it doesn’t own OpenAI, and that’s clearly not owning half. Apple historically has traded at a 18 P/FCF multiple and it’s currently trading at 25 - that’s not healthy for Apple is it? Uninformed on both aspects of your comment my friend.
@@WAyZuFaSt Microsoft is the largest investor of open ai, and yes they own a 49% stake. They don’t just “own profit” whatever the hell you think that means.
They negotiated a deal to receive half of profits until their last investment is recouped, but they are still the largest stakeholder. It’s a creative deal to avoid anti trust, but they are absolutely the largest stakeholder, and will still be when the company goes public.
The AI hype is pretty scary tbh, is gonna go wrong at some point
Yes. There is hype but it is now improving at a very fast pace with a lot of closed and open source projects.
privacy unless its icloud, we just let that shit be seen by anyone and everyone.
I feel like apple hasn't really shown anything of worth. Especially for the enterprise market.
100% agree. I feel like Apple is always about 5 years behind, then showing new features that have been available in Android for years.
@@YoDaColombianGoogle Amazon Nvidia and Microsoft all have much stronger positions when it comes to A.I I've sold my apple holdings and moved it elsewhere.
They spoke the magic phrase
Exactly
You ever seen their high bend desktops? - I don’t own any stock.
Make phones in Chinese sweat shops for $150 and sell them in the states for $1500.. Tim Crook !!!
African SS existed....
All meh!
First
I like all buy the spy 😂 all time high today baby
Apple is still the 2nd worst performing mag7 stock this year it seems.
It looks expensive right now. I would consider trimming now if I still had a position. I only have it in my ETF part of the portfolio which I am holding.
The stock is up only because Apple fanatics decided to see something that just isn't there. I wish I had capital to short Apple
An analyst also upgraded Apple from neutral to buy the day after they announced this, and analysts can move stocks like this.
I mean, I wouldn't go as far as shorting the stock, but this seriously stinks from jumping on the AI bandwagon while have nothing.
They spent billions on a vaporware vehicle when they could have been improving phone quality or working on a new device.
You want capital to short apple?! You know it's still nearly 50% of Berkshires stock portfolio right... I can understand feeling negative about the company. I've never owned an apple product--to me it's way overpriced and dumbed down. But I'd never think of shorting a share. Berkshires stake pretty much means Warren Buffett thinks it's the best high market cap stock on the exchange, and I wouldn't bet against him. So many people are fanatically loyal to the brand.
How will this make my life better. You can tell me this but that just makes you a snakeoil salesman.
Well a.i already has you just don't know it yet.. like smart watches, car safety things, advanced cruise control, medical field equipment, sports drafts, police department phone answering. Almost every fortune 500 companies are phone attendants. Any chat you speak with is a form of a.i.....
Still not seeing any consumer-facing AI benefit. Glad everyone is
drinking the CNBC Kool-Aid. See you in the fall when iPhone sales
remain flat!
Apple Intelligence = old android
I love the grounded reality of this channel!!
Retirement took a toll on my finances, but with my involvement in the digital market, $15,000 weekly returns has been life changing AWESOME GOD ❤️
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America....
If I may ask how you manage to earn so much..., what are your strategies??
Since meeting Expert Sarah, I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.
AS!! I know it's possible, I'd appreciate it if you showed me how to do it.
I keep hearing a lot about Ms. Sarah Rolston Burrows she must be really good
The reason Apple doesn't talk about the tech is because their target customers are tech illiterate. This video is a prime example.
The clowns here, talking down the biggest winner in history. Yeah, ur wa.y sophisticated….
Overhyped. This video is a joke.