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Is Apple on its Last Leg? · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
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  Speaker 2: pushing your vision forward. This episode is brought to you
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  Speaker 2: by P and C Bank, a lot of people think
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• 1:51
  Speaker 3: So let's talk about Apple. I want to show a
• 1:56
  Speaker 3: video that Ty Lopez recently made itself.
• 2:02
  Speaker 1: I Lopez ceue the video.
• 2:04
  Speaker 4: I'm pretty sure I'll make a prediction. Your grandchildren will
• 2:07
  Speaker 4: not know what Apple is, just like nobody thinks about
• 2:09
  Speaker 4: IBM anymore. Like IBM still exists, but it's not in
• 2:12
  Speaker 4: the collective consciousness. Nobody's gonna remember. Apple's a shitty company.
• 2:15
  Speaker 4: Look I do like an iPhone. They don't innovate anymore.
• 2:17
  Speaker 4: I message, which is a huge tool. It's the worst.
• 2:21
  Speaker 4: I built a company called Bulldozer. It's coming out. We
• 2:24
  Speaker 4: have better texting capabilities efficiency, just like what'sapp is way better.
• 2:28
  Speaker 4: Thirty people built What's app way better tool. You can
• 2:31
  Speaker 4: create groups, rename the groups, put people in and out
• 2:34
  Speaker 4: of the groups.
• 2:35
  Speaker 1: You can do broadcast lists.
• 2:36
  Speaker 4: None of that.
• 2:37
  Speaker 1: You can do Apple one hundred billion.
• 2:38
  Speaker 4: This is an obsolete bureaucratic company that will disappear, disappear.
• 2:42
  Speaker 4: It sucks unless they change.
• 2:43
  Speaker 1: It, all right.
• 2:44
  Speaker 3: So that was interesting. I saw it because in a minute,
• 2:46
  Speaker 3: it kind of speaks about what we've been saying with Apple,
• 2:50
  Speaker 3: and ty Lopez is somebody who you know, I'm not
• 2:53
  Speaker 3: the biggest Ty Lopez fan in full transparency, because like
• 2:56
  Speaker 3: he's one of these people that I don't know what
• 2:58
  Speaker 3: he's done then, like play basketball and with girls in bikinis.
• 3:05
  Speaker 2: Es my content and day we saw him by old businesses.
• 3:11
  Speaker 2: I'm not sure what the return was on as yeah,
• 3:13
  Speaker 2: this campaign and how he was trying to yeah, a
• 3:18
  Speaker 2: couple of a couple of stores that I don't know.
• 3:21
  Speaker 2: I haven't seen the return of investment. I don't know
• 3:22
  Speaker 2: what the return on investment is. But he was on
• 3:23
  Speaker 2: a campaign doing.
• 3:24
  Speaker 3: That allegedly, Like I said, shout out to Todd, you can't.
• 3:29
  Speaker 1: We don't no disrespect.
• 3:32
  Speaker 3: I have no problem with him. You can't knock the hustle.
• 3:34
  Speaker 3: But I'm just saying I just he strikes me as
• 3:37
  Speaker 3: as an Internet marketer.
• 3:38
  Speaker 1: But hey, whatever.
• 3:39
  Speaker 3: But that was just an interesting take because that is
• 3:42
  Speaker 3: kind of in line of what we've been saying. So
• 3:45
  Speaker 3: I don't want to beat the dead horse with this
• 3:46
  Speaker 3: Apple situation. But I just saw that on Instagram, thought
• 3:50
  Speaker 3: it was thought it was something interesting. So, yeah, the
• 3:55
  Speaker 3: destruction of Apple in real time? Is this what we're witnessing.
• 4:01
  Speaker 5: If they don't fix this iPhone issue. Tim Cook, Yes,
• 4:07
  Speaker 5: I've said since twenty twenty that the peak of Apple
• 4:10
  Speaker 5: will be twenty thirty four. If they don't fix some
• 4:13
  Speaker 5: of these issues, we may see twenty thirty. But it's
• 4:17
  Speaker 5: very rare for our company to last thirty or forty
• 4:21
  Speaker 5: years and have peak or pole position.
• 4:25
  Speaker 1: I do think they can make a comeback.
• 4:26
  Speaker 5: I was telling stock Club yesterday on the call if
• 4:28
  Speaker 5: they make a hard transition into being like into healthcare,
• 4:33
  Speaker 5: because they need a space in which they can operate
• 4:35
  Speaker 5: as a startup. They've maximized the global smartphone market. They
• 4:40
  Speaker 5: need to go into another market where they can be
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  Speaker 5: like an incumbent player and innovate and disrupt there. If
• 4:46
  Speaker 5: they move into healthcare, they'll be fine as a result.
• 4:48
  Speaker 5: Do I think we're seeing the destruction of Apple. If
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  Speaker 5: we don't see an adjustment in the next two years,
• 4:53
  Speaker 5: they won't have their leadership position anymore because Microsoft worth
• 4:57
  Speaker 5: like the number two assets in the world right now
• 4:59
  Speaker 5: is Gold and then Microsoft wouldn't have thought that probably
• 5:03
  Speaker 5: eight years ago. But they have to make a strong
• 5:07
  Speaker 5: pivot in order to keep this number one position. But
• 5:09
  Speaker 5: it's a good Lottor you just talked about it in
• 5:10
  Speaker 5: the Vest Vest. You have to reinvent every year, like
• 5:14
  Speaker 5: as much we talked about it with Elon and Kanye
• 5:16
  Speaker 5: and Madonna back in the day, and fifty center is
• 5:19
  Speaker 5: done to now. You have to reinvent yourself and move
• 5:22
  Speaker 5: into different verticals. If you want to steal exist, people
• 5:25
  Speaker 5: won unless you have a forty or fifty year run
• 5:27
  Speaker 5: off the same product.
• 5:28
  Speaker 2: Yeah, we're starting to see some of those blemishes. I
• 5:31
  Speaker 2: don't know if it's a full on destruction because even
• 5:33
  Speaker 2: when we talk about assets, yes, Gold is number one,
• 5:36
  Speaker 2: Microsoft is number two, but that was number three.
• 5:39
  Speaker 1: It's right there. But I feel like it's the.
• 5:43
  Speaker 2: First time that we're starting we see blemishes, right, Like,
• 5:47
  Speaker 2: we're starting to see some holes in this golden armor,
• 5:50
  Speaker 2: right when we talk about some of the products that
• 5:53
  Speaker 2: haven't worked, when we talk about some of the rollouts
• 5:55
  Speaker 2: that haven't worked. I know recently when we I mean
• 5:57
  Speaker 2: way we will get into it, but that I had
• 5:59
  Speaker 2: ad and them having to pull back on that.
• 6:02
  Speaker 1: We're starting to see stores trying to unionize.
• 6:04
  Speaker 2: I know they fought it off in Jersey, but now
• 6:06
  Speaker 2: there's another one that's popping up in DC. So you're
• 6:09
  Speaker 2: starting to feel like, all right, this golden brand who
• 6:14
  Speaker 2: has so much loyalty and Drake went through the sentiments changing,
• 6:18
  Speaker 2: it's starting to feel like there's a change. We don't
• 6:20
  Speaker 2: know what the innovation is. We'll talk about the chat
• 6:23
  Speaker 2: GBT situation. I think you're spot on with the industry, right, like,
• 6:29
  Speaker 2: how do they get into the next industry Because one
• 6:32
  Speaker 2: of the other blemishes we saw was all right, we
• 6:34
  Speaker 2: can't wait till they get into the automotive industry. They're
• 6:37
  Speaker 2: going to have this car and then it's like, you
• 6:39
  Speaker 2: know what, that's probably not going to be it. We're
• 6:41
  Speaker 2: not doing cars. Where are we going to go with AI. Well,
• 6:44
  Speaker 2: are they going to create their own Yes, they got
• 6:45
  Speaker 2: the M four chip, which is probably one of the
• 6:47
  Speaker 2: strongest semis. But can they create their own or do
• 6:51
  Speaker 2: we just say all right, let's just team up with
• 6:52
  Speaker 2: the team that's already doing it.
• 6:54
  Speaker 1: Is that innovation?
• 6:55
  Speaker 2: What they do have at their leisure is capital, Yeah,
• 7:00
  Speaker 2: and so you have to believe that something will come
• 7:03
  Speaker 2: from having that amount of capital, either it's an acquisition,
• 7:06
  Speaker 2: or they're going to double down in an industry like
• 7:09
  Speaker 2: you said, it could be healthcare, probably will be just
• 7:11
  Speaker 2: because they have I think that that has to be
• 7:15
  Speaker 2: the route. We already talked about innovation in the terms
• 7:17
  Speaker 2: of moving from country to country. Yeah, but I think
• 7:20
  Speaker 2: it's going to have to be a new sector for
• 7:22
  Speaker 2: them or a new industry inside of that one that exists,
• 7:26
  Speaker 2: and they can take market share from, not dominate right away,
• 7:30
  Speaker 2: but take market share because we already know Amazon when
• 7:33
  Speaker 2: we talk about healthcare, and they're there, right, So can
• 7:36
  Speaker 2: you come in and be disruptive?
• 7:37
  Speaker 1: Can you have some market share?
• 7:39
  Speaker 2: I'll be interested to see over the next couple of years,
• 7:41
  Speaker 2: because it won't The iOS system is the iOS system,
• 7:44
  Speaker 2: The iPhone is the iPhone. We already know what the
• 7:47
  Speaker 2: services industry does. It has to be something else. It
• 7:51
  Speaker 2: needs to be a shakeout.
• 7:52
  Speaker 5: Yeah, and then the vision pro hasn't works as well
• 7:54
  Speaker 5: because of price point sensitivity is okay.
• 7:58
  Speaker 1: Also, they need some new board men. It stelling stock
• 8:01
  Speaker 1: club call is yesterday.
• 8:02
  Speaker 5: Like with the exception of Angela from Birdberry, they lost
• 8:06
  Speaker 5: Johnny ive huge loss. They haven't added anybody knew that
• 8:10
  Speaker 5: board is still comprised of people to Steve put in
• 8:13
  Speaker 5: that position. I would go after somebody from Lily and
• 8:17
  Speaker 5: put them on the board because you need some guidance
• 8:19
  Speaker 5: in their health care space. It's not a sexy industry,
• 8:22
  Speaker 5: but I think they can innovate incredibly fast there. They
• 8:26
  Speaker 5: got to make some changes, and I think it's a
• 8:27
  Speaker 5: good rule of thumb every two years to reinvent yourself
• 8:32
  Speaker 5: or your business.
• 8:33
  Speaker 1: In some way.
• 8:35
  Speaker 5: And even like with the air pods, it's more conjecture
• 8:39
  Speaker 5: around if they're healthy or not. The iPad ad you
• 8:42
  Speaker 5: already brought up. People were not feeling that the iPad
• 8:46
  Speaker 5: in the self. I don't think many people are using it,
• 8:48
  Speaker 5: so they just have to find a way to come
• 8:50
  Speaker 5: up with it with a better product. The trading app
• 8:52
  Speaker 5: that they had, they shut down the car thing they
• 8:54
  Speaker 5: shut down.
• 8:55
  Speaker 1: It's like.
• 8:57
  Speaker 2: This is like a I don't want to call it
• 9:00
  Speaker 2: out with you, but sometimes when your product is that good,
• 9:02
  Speaker 2: do we need a new one?
• 9:03
  Speaker 1: Right? So, Like I have the iPad, it still works perfect.
• 9:07
  Speaker 1: I don't need a new one everything.
• 9:08
  Speaker 2: What's the incentive for me to buy a new one
• 9:10
  Speaker 2: because now I have a band that has an extra
• 9:13
  Speaker 2: few features.
• 9:13
  Speaker 1: I don't know if that's the reason.
• 9:14
  Speaker 5: But Steve jobs hat like that's the part, like they
• 9:18
  Speaker 5: almost try and wipe the memory of him building that
• 9:21
  Speaker 5: company away, like they've gone away too far from what
• 9:25
  Speaker 5: the original vision was.
• 9:27
  Speaker 1: Shock. Everybody works at Apple.
• 9:28
  Speaker 5: If you want to talk innovation, the iOS has gotten better,
• 9:32
  Speaker 5: but it's not a transformational improvement where you're like I
• 9:36
  Speaker 5: have to have it, like even I've phoned fans and
• 9:40
  Speaker 5: Apple fans or like I don't need another iPhone. It's
• 9:42
  Speaker 5: bad when your core fan base is like, I don't
• 9:44
  Speaker 5: need another one.
• 9:45
  Speaker 1: Same thing with the Mac sales, right, do I need
• 9:47
  Speaker 1: a new Mac? My one?
• 9:48
  Speaker 2: My Mac from twenty twenty two is perfect? Do I
• 9:50
  Speaker 2: need a new one? But I think what they've done
• 9:52
  Speaker 2: to kind of offset that is they decided all right,
• 9:55
  Speaker 2: if we're gonna have a slow down in somebody sales
• 9:56
  Speaker 2: for the iPhone, for the MacBook, for the iPad, is
• 10:00
  Speaker 2: they're putting their own chips inside, and so now you
• 10:02
  Speaker 2: don't spend as much, Right, there's not as much outside expenditures.
• 10:06
  Speaker 1: Right, Well, this still will be. But until you get
• 10:08
  Speaker 1: to the point where you're just.
• 10:09
  Speaker 2: Manufacturing your own and you put your own chips inside
• 10:11
  Speaker 2: of your devices, that cust cost long term.
• 10:15
  Speaker 1: But I don't know if.
• 10:15
  Speaker 2: There's a product unless they decide that this the M
• 10:18
  Speaker 2: four ship is so good that they'll start licensing out
• 10:20
  Speaker 2: to other companies.
• 10:21
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