It’s an entrepreneur problem. What to do with the free cashflow? By betting on a takeover like the ones you suggested (for which they would most certainly overpay, everyone knows they have the money), they would forego a certain small improvement in the per share numbers. Do you risk crashing your stock price on a bet which, if it turns out well sets the company up for the next 10 years or do you keep tinkering on the edges, making small improvements in what will eventually become a dead end street?
I get the concern, but if your annual Capex is so tiny that you basically signal you’re not even thinking about AI, that says it all. At the end of the day, making mistakes is better than doing nothing — just look at how they blew it with EVs. They could’ve gone into robotaxis. Samsung’s had a foldable phone out for years, feels great in hand. What’s stopping Tim Cook? Look at the management — it’s basically lifetime employment, something you’d never expect from an American company. A vacuum.
It seems Apple is sleepwalking while Google is rewriting the script.
Sleepwalking is a compliment for them. Ppl do absolutely nothing with rubber-stamp board
True
It’s an entrepreneur problem. What to do with the free cashflow? By betting on a takeover like the ones you suggested (for which they would most certainly overpay, everyone knows they have the money), they would forego a certain small improvement in the per share numbers. Do you risk crashing your stock price on a bet which, if it turns out well sets the company up for the next 10 years or do you keep tinkering on the edges, making small improvements in what will eventually become a dead end street?
I get the concern, but if your annual Capex is so tiny that you basically signal you’re not even thinking about AI, that says it all. At the end of the day, making mistakes is better than doing nothing — just look at how they blew it with EVs. They could’ve gone into robotaxis. Samsung’s had a foldable phone out for years, feels great in hand. What’s stopping Tim Cook? Look at the management — it’s basically lifetime employment, something you’d never expect from an American company. A vacuum.