Apple, every mention
36 scenes (2021), the whole family · ← back to Apple
tap a year for its mentions
every year 2021 anyone Ben Gilbert 489David Rosenthal 323Morris Chang 27Ben Thompson 22Brendan Eich 16Mark Zuckerberg 12John Bathgate 12David Senra 10Mitch Lasky 8Steve Ballmer 6
Verbatim, from the transcripts: the passages where Apple comes up
Not Boring (with Packy McCormick) - Extended Cut · Acquired
- ▶ 3:26 Ben Gilbert We have created a new public podcast feed in Apple, Spotify, or wherever you get your podcasts called The Acquired LP Show.
- ▶ 23:49 Packy McCormick I bought Facebook at 19 dollars, sold that, plowed a bunch into like Apple options into earnings, which, you know, it's just like
Complexity Investing & Semiconductors with NZS Capital (Extended Cut) · Acquired
- ▶ 20:44 David Rosenthal Yeah, like, I noticed, uh, in your latest ThirteenF, like, um, I don't think you guys hold Apple, right?
- ▶ 20:50 David Rosenthal Uh, but you do some of the other, you know, large tech companies, and this feels like a perfect example to me of, like, you know, oh, Apple, like, incredible moats, right?
- ▶ 20:59 Ben Gilbert But, like, they're getting pretty good at value capture over there.
- ▶ 21:35 John Bathgate And who knows, it might work out perfectly for Apple over the next 10 years.
- ▶ 21:59 John Bathgate I agree with that, especially if you're, I mean, if you really have a management team that's thinking really long-term, I don't know why you wouldn't give up a little bit of extra economics for your key partners, whether that's suppliers…
- ▶ 22:26 John Bathgate It's like meaningless to them and it would create so much value for, um, all the, and there's, there's obviously knock on effects of that.
- ▶ 1:04:25 John Bathgate And then they, they actually, we, we do think they're taking market share, especially in digital markets, like where they would be selling to an Intel or an Apple or an Nvidia.
- ▶ 1:16:40 Brinton Johns So, uh, so, you know, it'd be next to impossible for Apple to get all the memory they needed without having a massive relationship with Samsung.
- ▶ 1:20:37 John Bathgate Like, I think TSMC is more important than Apple.
- ▶ 1:20:39 John Bathgate Like, if Apple disappeared off the face of the earth,
- ▶ 1:23:45 Brinton Johns I remember when Apple bought PA semiconductor, I was on record going, oh, this is the stupidest thing ever.
- ▶ 1:32:19 Ben Gilbert Like, Apple became the, um, aggregator.
- ▶ 1:32:34 Ben Gilbert Apple basically says, uh, well, we've designed this logic board, and we've designed every single chip, or most of the chips, the important chips, and we, we've situated them together.
- ▶ 1:35:46 John Bathgate And so, um, and then the, you also have all this off the shelf IP they're getting from companies like Arm or from Cadence or Synopsys that, I mean, part of what Apple does to your point, Ben, is they're really just an aggregator.
- ▶ 1:35:55 John Bathgate Like they buy, you know, IP blocks off the shelf.
- ▶ 1:47:00 John Bathgate And so I was trying to think about, I mean, Apple's obviously the biggest customer.
- ▶ 1:47:11 John Bathgate and how much of kind of like Apple's differentiation is driven by semiconductors.
- ▶ 1:47:15 John Bathgate And so if you guys know that off the top of your head, that'd be my, my guess for kind of like Apple's contribution to the TSMC value creation for the world.
- ▶ 1:47:29 Ben Gilbert I kind of feel like, I feel like we ascribed, like, half of Apple to Next, and then, like, 10% to PSMI, or something, like, kind of arbitrary.
- ▶ 1:47:44 David Rosenthal We were literally carving up the Apple.
- ▶ 1:47:55 Ben Gilbert So like, Apple would be worth zero if they didn't acquire Next.
- ▶ 1:48:00 Ben Gilbert But does that mean that Next is responsible for 100% of the value of Apple?
- ▶ 1:48:16 John Bathgate Like the, you know, Apple's contribution is, you know, another half trillion dollars to the TSMC value creation story, but you get the broader point, right?
Standard Oil Part II (Extended Cut) · Acquired
- ▶ 1:55:08 Ben Gilbert So, obviously, The Rock is Rockefeller, and for those not familiar who want a crazy tie from this episode to modern day, Venrock was one of the earliest investors in none other than Apple Computer.
- ▶ 2:09:58 Ben Gilbert Like, Apple has plenty of offenses in potentially abusing their app store privilege, uh, but I think that's a little bit of a different thing.
- ▶ 2:11:36 Ben Gilbert Big tech, well, and they're gonna eat everything, you know, between Facebook and Amazon and Google and Apple and All the returns are accruing to scale in a way that's never happened in this industry before, and it's just gonna happen…
- ▶ 2:17:39 Ben Gilbert Like, should we be concerned about Apple or about Amazon's antitrusty stuff that might look like Standard Oil in a different way that is not rolling up?
- ▶ 2:18:07 Ben Gilbert Uh, uh, you know, obviously the 30% thing with Apple.
- ▶ 2:18:43 Ben Gilbert Ooh, maybe actually that's more like Apple.
- ▶ 2:18:45 Ben Gilbert Where, like, Apple's keeping the take rate where it is, they're gonna take an insane amount of the profits of the work of these partners, but they want to keep the partners around.
- ▶ 2:18:55 Ben Gilbert Like, Apple's not gonna, they're like, well, we don't want to go build every app, so it's good to have a developer ecosystem building apps, whereas Standard Oil was like, eh, I'm not sure we want to actually be the railroads, but it's…
- ▶ 2:19:14 David Rosenthal Maybe don't even, maybe, I don't know if I ever even knew the numbers well enough to say in terms of the relationships with the railroads, but I feel like, I don't know, Apple, maybe this is just sentiment, but like, God, that 30% feels…
Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More · Acquired
- ▶ 26:48 Michael Mauboussin So Charlie was the PC analyst and like, you know, so there's like Apple coming in public.
- ▶ 1:26:57 Michael Mauboussin So it's just an amazing, and then of course the wealth creation, Apple, by the way, Apple's market cap, I'm not going to get this right, but Apple's market cap was less than ten billion, I believe, and now it's 2.4 trillion, right?