software

“Software's forward 12 month price to equity ratio is compressed from a 33.1 to 23.2 multiple contraction of 30%”

“Apple's always been an incredible hardware company, and I think, ah, this is, you know, an era where hardware will matter even more because software is gonna face waves of commoditization pressure.”

“You had a significant shift in the value proposition. Where was the value coming from? It went from software back to hardware.”

“In the long run, software is going to be much better because AI is going to be paired up with humans to make it more secure and more trustworthy, but it's going to take us years to do that and to clear out the two decades of mistakes we made.”

“We're seeing this with our own engineers now, like the amount of software that we're shipping at Kribble, I mean, we're shipping in a factor of two or three what we were a year ago. I mean amazing productivity increases.”

“Building software is so productive, especially copying software. So if I, like, if you have a feature, I can implement a version of that feature. Super easy. You point the models at it, and they make you something that looks like that, feels like that, does th…”