Veteran tech investor Paul Meeks takes a look at the issues facing Apple. You can watch the full show with Paul every Tuesday at 11:30am on BenzingaTV on YouTube, and you can also check out the reply after.
00:00Next to Apple, in the last week, their chief operating officer, Jeff Williams, says he retired, but my sense is he was forced to retire, and I don't feel bad for him because he's been at Apple so long and so senior that he's got to be worth at least several hundred million dollars.
00:22But this does tell you something. We know that Apple has not grown its iPhone units for several years. We know that putting AI on their iPhones, which was supposed to be a huge driver of unit demand, at least as of yet, has not happened.
00:42And so the company is not just in a low growth mode, but a no growth mode without any revenue reacceleration in sites.
00:54And then to make matters worse during Trump 2.0, now they're perfect. I mean, absolutely perfect Chinese driven supply chain has been blown up.
01:06And so no revenue growth and they will have much higher costs as they break up this supply chain and move manufacturing to higher cost places, including right here in the U.S.
