Let's now focus on Apple. As John Ternus

is set to take the reins of the tech

giant next week. He takes over from

long-time CEO Tim Cook. Let's discuss

what Apple investors should expect under

John Ternus. I want to bring in Bob

O'Donnell, president of Technalysis

Research. Bob, good morning to you. I

mean

>> Good morning, Brooke.

>> This seems like when it was announced, I

can't believe now it's it's just around

the corner. This weekend really, next

week rather. So, what will an Apple

under John Ternus be like compared to

Tim Cook as a as a hardware kind of

focus guy?

>> Yeah, well, it's a great question,

Brooke. And and by the way, first of

all, thank you for having me.

Look, Ternus is a hardware focus guy.

He's been at the company a long time.

He's been behind the scenes on a lot of

products they've developed over the last

few years. But, he also, I think, has

that product vision that as great as Tim

Cook was at a lot of things, that's not

what he was known for, right? And in

fact, you know, if you remember back to

when Tim Cook came in, that was one of

the big questions like, oh, wait, this

guy doesn't have the product vision.

going to do this? Well, obviously, they

figured a way. But, Ternus does kind of

bring back that kind of notion of a of

visionary leader Jobs-ish. Of course,

people are going to make those

comparisons

with a vision of where things are going

to go. And so, I think you're going to

see that start to play out. And the

timing is kind of appropriate cuz we've

got coming up, you know, they just

announced they sent out the invites

yesterday for the Apple event, which

will be on, you know, early September.

And it's widely expected to see the

first foldable iPhone. That's a big

deal.

Later this year, maybe even at that

event, we're expecting to see the first

touchscreen Mac. I mean, these are

things that Apple people have been like,

oh my gosh, you know, what a big deal.

But, above and beyond that, I think

we're going to start to see even new

product categories. And the big thing

from a Ternus perspective, I think, you

know, we're not going to see it

overnight, but over the next 18 months,

2 years or so, we'll probably see some

pretty interesting revolutionary product

categories, which Apple hasn't created a

new one in a very long time.

>> Right, right. So, this is certainly

something to watch out for, and it'll

only be 8 days after he takes the helm.

So, certainly setting the stage right up

front. I think something else that I've

been reading in in so many different

investors' notes is this need for Apple

to really play into this

dominance of AI error, so to say. How

important is it that John gets this

right within the first few months,

especially as they look to unveil in

beta form that Siri AI?

>> Uh well, it's a huge deal. He's, you

know, this is a critical factor for

Apple. Now, look, the good news is,

despite all the issues and and concerns

people have raised, for mainstream

users, which remember is the bulk of who

Apple appeals to, AI is still pretty

new, and they're just figuring it out.

And so, it's perfectly fine if, indeed,

this next version of Siri hits it on the

mark, which a lot of people, early signs

are that it's pretty decent. So, it

looks,

you know, reasonably good right now. And

that is important. And then, I think

we're going to see, as I started to to

mention, him driving new types of

products that AI can take advantage of.

We've seen discussions around glasses

and other elements and that where you

can start to think of these things as AI

accessories as much as mainstream

computing devices. And so, we're going

to see a different view of of cameras as

sensors and earbuds as sensors and and

all these different things. Now, big

privacy concerns and and the real trick

will be how does Apple in particular

navigate those issues, which, of course,

have been a big blocking point for Meta

and other folks trying to do glasses as

one product example. But, I do think

it's important. I think we're going to

see them talk about it. We're also going

to see them start to position Macs, the

new Macs they just introduced earlier

this week, which was kind of a surprise

um are being positioned as these AI

personal AI work station type devices.

That's a growing new category and it

turns out Apple's playing a role in even

though they kind of didn't really intend

to when those first Mac minis came out

but now that's becoming a big deal. So

all of these things play into that big

picture vision around AI and what Apple

can do with it.

>> Mac minis and these Mac studios as we

were just saying showing on the screen

there. It's interesting cuz it seems

like the demand is maybe even stronger

that they initially had anticipated and

Bob piece this all together for us

because we're also hearing about the

surge in memory cost and that's sort of

changing the way that consumers are

thinking about where and what and how

much they want to buy and spend. So is

this demand maybe even stronger than you

had expected?

>> Well, it certainly is and what's

interesting again when the Mac mini came

out it was just positioned as sort of a

simple you know straightforward desktop

computer but what a few folks figured

out a little while ago is that hey

I can run open claw on these advanced AI

agentic harnesses on them which

basically means I can run these advanced

AI workflows and do them within my own

devices and that's something that Apple

didn't expect a lot of people didn't

expect but all of a sudden became this

secondary opportunity for the Mac mini

and now they're playing a you know whole

hog into that. They're really pushing

forward. It is challenging. It is

expensive because frankly to do those

things you need 32 gigs of memory or

higher that makes these prices extremely

high as far as a mainstream product but

I think right now a lot of the

excitement around those categories of

products the Mac minis and and the Mac

studios are frankly on higher end users

perhaps in some corporate development

environments for developers. So it's not

necessarily a mainstream product yet and

so they're not quite as sensitive to

those prices but for the folks who are

looking to do these advanced AI

applications and run them locally, this

is a very interesting new opportunity

for Apple and a a way to get into AI

that a lot of people didn't initially

expect.

>> Bob and Don, thank you so much for

breaking it all down. I appreciate it

and I know we'll talk to you when John

takes the helm next week. Appreciate it.