Doug ClintonSecurity Tokens: An Emerging Opportunity in CryptoThis is the first in a multi-part series analyzing the potential of security tokens in the world of crypto assets. 2017 was the year of crypto. Bitcoin became a household phenomenon and increased ~13x in value, Ethereum spurred interest in…Read more Blockchain, Cryptocurrency
Gene MunsterThoughts on ARKit 2.0 at WWDCIn our meetings with AR companies at Augmented World Expo (AWE) this week, it’s clear the industry is waiting for Apple to announce ARKit 2.0 at WWDC. Improvements in persistence and multiplayer functions are two of the most requested additions…Read more Apple, Augmented Reality
Gene MunsterWWDC Preview; Siri, AR, AI, Digital HealthApple’s annual developer conference starts next Monday, June 4th. Consistent with past WWDC’s, announcements will be software heavy. Most notably a preview of iOS 12 and the upcoming MacOS. We expect Monday’s keynote to be highlighted by extending the reach…Read more Apple, Artificial Intelligence , Augmented Reality
Gene MunsterAutonomy & Apple as a ServiceThe New York Times reported that Apple has signed a deal with Volkswagen to manufacture electric T6 Transporter vans outfitted with Apple’s autonomous sensor suite to be used as self-driving shuttles for employees. This is significant because it plays into…Read more Apple, Artificial Intelligence , Autonomous Vehicles
Gene MunsterThere’s a Method to Musk’s Goal Setting MadnessAccording to Bloomberg, of the 54 projects they have tracked since Tesla’s inception, Musk has been late on 21 (or 40%). These continual misses fuel an inaccurate narrative that the company can’t execute and may not survive. In our view,…Read more Apple, Tesla
Gene MunsterPerspective on Consumer Reports’ Model 3 ReviewConsumer Reports reviewed Tesla’s Model 3 for the first time and the car did not earn its recommendation. The review was critical of the Model 3’s inconsistent braking, complex user controls, unsupportive rear seats, and highway noise. Elon Musk tweeted…Read more Tesla
Gene MunsterApple as a Service Part 4: New Product CategoriesOptionality around new product and service categories is the 4th and final pillar to our Apple as a Service thesis. We expect a stable iPhone business (part 1), a growing Services segment (part 2), and capital returns (part 3) to…Read more Apple, Autonomous Vehicles , Retail
Gene MunsterApple as a Service Part 3: Capital Return a Lever to Move Shares HigherApple’s capital return framework is the 3rd of 4 pillars to our Apple as a Service thesis. It’s understood that Apple is committed to a $100B capital return over an undefined number of years. What’s not understood is that the…Read more Apple
Gene MunsterApple as a Service Part 2: Services Offer Growth, Visibility, and ProfitabilityApple Services is the 2nd of 4 pillars to our Apple as a Service thesis. It consists of the App Store, Apple Music, iCloud, iTunes, Licensing/Google, Apple Care, and Apple Pay. Critical to Services visibility is stable iPhone growth, which…Read more Apple
Gene MunsterApple as a Service Part 1: Entering a Period of Greater iPhone VisibilityOur perspective that the iPhone will be a stable business for the next few years will be the most controversial of the four pillars to our Apple as a Service thesis. Based on the size of the active iPhone install…Read more Apple
