> Apple has completely dropped the ball

Apple has sat out a capital-allocation shitshow. Its investors and likely customers are better off for their patience.

Jury is out on that one -- will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now. Very possible you could say that in the future..

	▲	lelanthran an hour ago \| parent \| next [-]
		> I don't think you can say better off with full confidence right now. Of course we can - they managed to avoid spending 100s of billions while still giving their users AI... There is no future in which the entire world is beholden to the current VC-backed companies for AI. IOW, there is no moat.
	▲	JumpCrisscross 3 hours ago \| parent \| prev [-]
		> will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now We can't say for confidence they'll find a niche in the AI world. But we can say they probably sat out some value-destroying capital investment. Like, I don't think Apple is going to wind up strategically worse off than Meta. But it won't have blown a metaverse on this.

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wyager 2 hours ago | parent | prev [-]

That would be a valid explanation if they hadn't totally oversold and underdelivered on "apple intelligence". In reality, this explanation is just cope

	▲	JumpCrisscross 3 minutes ago \| parent \| next [-]
		> this explanation is just cope I'm not saying they played 5D chess. Maybe they got lucky. But they're coming out of this infrastructure boom with the second-highes P/E ratio in the Magnificent 7 [1], dividend intact, and tens of billions of cash on balance sheet unburned (and their stock and balance sheet unincumbered by new debt or stock sales). [1] https://dividend.watch/lists/magnificent-7-stocks
	▲	MattDamonSpace 2 hours ago \| parent \| prev [-]
		Ehhh if you squint, everything they announced today was announced in 2024. Doesn’t seem like they changed their ideas much (I’m sure some iteration occurred but still) and the issue was the tech didn’t took 2 years to become workable Feature set is borderline identical