Asking about Apple's holiday outlook and supply constraints
Speaker1
Gil Luria
This should be Apple's best season in 4 years driven by iPhone upgrade cycle from 4-year-old devices
Why doesn't your rating reflect this enthusiasm?
Speaker1
Gil Luria
Upgrade cycles create next year headwinds - last double-digit growth was followed by sales decline
Asking about NVIDIA criticism and stock performance
Speaker1
Gil Luria
NVIDIA faces multiple concerns but remains essential for AI compute growth
Gil Luria
Apple trades at higher multiple than NVIDIA despite slower earnings growth
Asking about Apple's AI delivery expectations for iPhone
Speaker1
Gil Luria
Apple's AI integration will be gradual through improved functionality, not driving adoption