Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Category: Apple (Page 1 of 4)

Stocking Up on Apple

Not AAPL shares (I do that, too) — I’m talking about my fall click-and-buy ritual on Apple.com! Well, in the case of iPhone, every other fall this time around. I decided last year that I would keep my iPhone 14 Pro Max for two years — that is, I skipped the 15. Why? Two reasons: 1) I was very happy with the 14 (display, battery life, and especially the camera), and 2) I was paying for it on a 24-month installment plan — through Apple, of course… on my (you guessed it) Apple Card! So, why not pay it off first, then trade it in when I buy another one? That, and I was hearing the 16 might be offering some exciting stuff worth waiting for. Though I didn’t know it for sure a year ago, that exciting stuff turned out to be — well, you know!

Sure, we’ll have to wait till next month for some of the Apple Intelligence features to be useable on the iPhone 16, with coming software updates — but I’ll be ready with my new phone, which will likely arrive on my doorstep around October 1. Here’s an article from The Verge on the AI features that will be coming this fall, and more into early 2025.

For a look at all the goodness that comes with the iPhone 16 — in addition to Apple Intelligence — the following slide from the September 9th “Glowtime” event wraps it up. (Click on any of the images in this post to enlarge.)

And here’s more on the iPhone 16 camera features — all of which are very much important to me:

For a complete rundown on the features of the iPhone 16 Pro — including the Pro Max — the following slide tells it well. Note the new “Grade 5 Titanium,” which results in lighter weight than my 14 Pro Max, while — get this — giving me a larger screen at 6.9″!  I’ll take that combo.

But, wait — I didn’t stop with a new iPhone — oh, no! I was ready to upgrade my Apple Watch, too! Again, I’ve been happy with my Series 9, but knowing I could trade that in (it’s in great condition) to get a pretty good deal on the new Series 10, why not? Was there one overriding reason for me to upgrade? No, sleep apnea detection is not something I’m worried about. For me, it was a combination of things. In addition to an improved design and more “intelligence,” that would be longer battery life (up to 18 hours!) and faster charging. The Series 9 was pretty good in regard to those last two points, but who wouldn’t want more improvement when it comes to a wearable that’s become an indispensable part of one’s life? I wear my Watch at night, too, as many people now do, to track sleep data. So, here’s a rundown of what the Apple Watch Series 10 brings to the party:

I expect my Watch Series 10 to arrive in the next few days, along with a return box for my trade in. And I can’t wait to strap it on!

How are you planning to upgrade? I have no doubt that this upgrade cycle will be a huge one for Apple — one that will propel the stock of the largest company on the U.S. stock market even higher.

(By the way, did you know that Apple’s market cap, at $3.3+ trillion, is larger than the entire GDP of the U.K.? Blimey!!)

My 2024 Predictions Post

I have this tendency to publish a post each January about what I see coming in the New Year. I’m a little late this year (being it’s already January 20th), but that’s because the general mood has been leaning negative of late — not exactly motivating for an optimist like me.

I refused to use an AI-generated image this time. I instead chose this awesome photo by Nicole Avagliano via Unsplash.

 

Then again, my post in January 2023 wasn’t real upbeat, either. But that was more of a tongue-in-cheek exercise. The previous year, my post in January 2022 wasn’t a list of predictions, but rather focused on one big positive trend I couldn’t ignore: the startup boom. (Remember those good old days?) Going back to January 2021, I went full-on optimist, though had some fun with it, as we were coming out of that God-awful pandemic year and needed some levity.

Anyway, for this post, I finally got around to fleshing out the notes I’d been making over the past couple of weeks. I tend to not blurt things out — I like to think a bit first. (Call me crazy compared to  most bloggers… haha.) This year, I went beyond tech to some other topics I just find hard to ignore these days. So here goes:

AI … The hype curve has peaked. Enjoy the ride down into the trough of disillusionment. I won’t say anything more because… are there any more words to say at all that haven’t already been said about AI in 2023? A breather is needed for sure, because the hype has been getting out of control as we sit here in early 2024. (Note: I am not anti AI, I am anti *AI hype* and anti *AI washing*, which so many startups are doing in an attempt to raise money.) A funny recent quote I saw is from Philip Elmer-Dewitt, who runs the very popular Apple 3.0 news blog: “I’ve been following the A.I. beat since Ronald Reagan’s first term, and in my experience its champions have consistently over-promised and under-delivered. Large language models and generative A.I. are real things, but so are self-driving cars and they’re still running over pedestrians.”

Startups … According to AngelList, the startup formation number was well down in 2023 —  40 percent since 2021! That’s horrible. I predict the number will pick up somewhat in 2024. However, a meaningful reversal won’t come until 2025 with a new administration.

VC … In 2024, I will not be surprised if more VC funds shut down. (A big one did last month.) And check-writing from those that have been largely sitting on their hands in 2023 may not increase much. The numbers are sobering. Pitchbook reported in December that 38% of VCs “disappeared from dealmaking in 2023.” Pitchbook also reported that VC investors injected only $170 billion into startups in 2023, a decrease of nearly 30% from the $242 billion recorded in 2022. In 2021, the number was $348 billion. Not a pleasant trend.

Apple … My price target for $AAPL shares is $220 by yearend — on the strength of the iPhone 16 in the fall (call it “the AI phone”), advancements with the next Watch, and, yes, the initial success of “spatial computing.” No Apple Car anytime soon, friends. Which is fine with me.

Sports / National … Will gambling on NFL games get out of control? One senses that a crackdown must be coming. Right on cue, Minnesota legislators are trying to have sports betting legalized in our state. I for one am getting really sick of all the gambling hype!! On another topic, with TV commercial time absolutely ballooning to fund NFL largesse, I predict sales of low-cost DVRs, like the $79 Tablo unit (to record live TV and certain streaming channels), will boom — letting consumers without high-cost cable services (like that rascally DirecTV) inexpensively record and watch just the actual game, skipping through the mind-numbing amount of commercials they now blast at us. And no subscription is required.

Sports / Local … The Vikings will do better. Which isn’t saying much. And Gopher football damn-well better improve as well! 2023 was embarrassing. One highlight in 2024: we’re finally going to the Rose Bowl! Okay, it’s only a regular season matchup October 12th against UCLA (in their home stadium), as they become part of the Big Ten (Big 18!) this year. And another glaring college football topic: I fear, as many do, that NIL is ruining the sport (sigh). It’s the main reason Nick Saban resigned as coach at Alabama, Hey, we don’t need more “professional” sports!

Higher Ed … College enrollments will continue to drop nearly everywhere, but prices will of course not fall nearly as fast… if at all? That tells you all you need to know. How bad is higher education? Americans’ confidence in these institutions has dropped from 57% in 2015 to 36% in 2023, according to a July 2023 poll by Gallup. Here’s more, from Barron’s: “College tuition rose 12% on average annually from 2010 to 2022, according to data compiled by the National Center for Education Statistics and the U.S. Bureau of Labor Statistics. After adjusting for inflation, college tuition has increased 747% since 1963.” This prediction I don’t make joyously, as two startups in my portfolio are in this space. (Luckily a small percentage.)

Minnesota State Government … Complete DFL control will end — it has to! Hope you enjoyed watching that $18 billion surplus — your money — go poof! That measly $520 rebate check to taxpayers (per couple) was an insult. But you fellow Minnesotans already knew that. More people are leaving the state than the number moving in. It’s not just the weather.

Minneapolis … The city will never be the same, I am convinced. And St. Paul, which is suffering almost as badly (worse with tax increases), shares the same fate. The population of both cities will continue to drop.

Anywhere But the City … Within the state, the escape from the central Twin Cities to the metro area suburbs and rural MN will continue, as will the rise in values for lakefront property, hobby farms, and farmland. I included some great insights into the trend toward remote work outside the cities, from a national viewpoint, in a post I published in January 2021.

And one more prediction for good measure:

The Media Business …. Let me go out on a limb 🙂 — the media industry will continue to contract in 2024. Many more jobs will be lost. Take a guess how many — then double it. One glaring reason: according to an October 2023 Gallup poll, a record-high number of Americans — 39% — say they don’t trust the media at all. That number has steadily increased since 2018.

So, on we go. (Yes, to a brighter 2025.)

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Postscript:

And in my continuing quest to counter the AI hype, I give you this:

A Technologist Spent Years Building an AI Chatbot Tutor. He Decided It Can’t Be Done.

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And Another Postscript:

I saw a  Wall Street Journal Saturday Essay recently (subscription required) entitled “Why Americans Have Lost Faith in the Value of College.” In it, they noted that the decline in undergraduate enrollment since 2011 has translated into 3 million fewer students on campus. Nearly half of parents say they would prefer not to send their children to a four-year college after high school.

Billionaires who slam higher ed also don’t do it any favors. Here’s Elon Musk on the topic in 2020:

“College is basically for fun and to prove that you can do your chores, but not for learning. I don’t consider going to college evidence of exceptional ability. In fact, ideally, you drop out. You don’t need college to learn stuff. Did Shakespeare go to college? Probably not.”

As a former English major, I can attest… 🙂

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And Yet ANOTHER Postscript:

Re: my VC prediction, here’s additional insight into the state of the industry:

VC Funding in 2024: High-Profile Departures, Layoffs and a Glut of Investors Struggling to Generate Returns | Inc.com

Okay, that’s enough postscripts for one post. I publish insights like these to my X account as well, so please follow me there, where I post daily. Over and out!

This ‘Office Is Over’ Thing Has Been Coming for a Long Time

Marketwatch article headline

Article headline today (a recurring theme).

The media wants to make a huge deal about how going to work in an office is suddenly becoming passé — the media being mostly centered in New York City, I might add, which also happens to be the largest commercial real estate market in the U.S. But like many things the media gets wrong (or gets late), this trend has been going on for years. Especially for knowledge workers and those who work in the tech industry. They may try to pin it on “upstarts” like Airbnb and its cheeky CEO, Brian Chesky, in articles like this.

photo of Brian CheskyBut we all know this mentality, if you will, has been reality for millions of people for a decade or more.

I’ve been saying for years — ask my friends — that “my office is wherever my MacBook Pro is.” I don’t say it to be funny. It’s simply the truth.

Apple MacBook Pro M1

MacBook Pro M1 by Martin Katler via Unsplash

It’s a prime reason I’ve been an active investor in $AAPL for decades. That was even before it produced its first laptop — which, for you younger types, was called the PowerBook. It was life-altering.

That was my first Apple laptop, and I’ve owned more laptops from my favorite company than I can count since then. (Yes, I keep upgrading to the latest and best.) So, as a self-employed business

Apple Powerbook photo

Apple Powerbook, early 1990s – photo by Everyday Basics via Unsplash

owner, I’ve been doing this “office is anywhere” thing for a long, long time. Which makes me find this latest lament about the demise of the office to be quite amusing.

And who doesn’t get that this mentality/reality is hugely less costly than an office lease?

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p.s. To those of you who were smart enough to invest in $ABNB early on, my hat is off to you. Because it has certainly enabled a large part of the movement away from the traditional office, as it continues to do. And it has created no less than an industry of its own at the same time, enriching legions of property entrepreneurs.

I Wrote Another Article for Grit Daily… This Time on Startup Grit

Grit Daily is a very cool media site based in NYC. It was founded by an amazing guy named Jordan French (seriously, read that bio). And he has a bunch of other great team members around him. (You should subscribe — support independent journalism you won’t find anywhere else!)

I was introduced to Jordan by an another amazing guy, who’s based right here in the Twin Cities: William Harris. He connected me with Jordan right before I headed off to SXSW in March 2019. Jordan was kind enough to accept me as a contributor, and I wrote my first piece for Grit Daily on my experience at that crazy event: “Partying at SXSW for Your Health.” I wrote another piece in the ensuring months that included one of my most favorite topics, Apple: “Amex, Apple vie for top spot in heated ‘metal card’ wars”... about my weird love affair with a couple of new credit cards.

Fast forward to the beginning of 2021 — what we all hope will be a much better year — I just published another article on Grit Daily. This one is called, “10 New Year’s Resolutions If You Think You Have a Startup In You.” It aims to help anyone who’s thinking they’re ready to quit their day job and go off and build something big. Hope you like it. Tell me if you do!

 

 

My Adventures in Metal Credit Card Land

(A version of this post first appeared at Grit Daily.)

metal sparks flying

Are you carrying around a lot of plastic in your pocket?

Why? You should think about going metal. Yeah, it weighs more. But, if you can slim down your wallet by pulling out a bunch of plastic credit cards you don’t use anymore, replacing them with a couple metal ones, you actually come out lighter — and thinner, too. That’s what I did.

It’s not a good idea to close those old plastic accounts, by the way, as that can have a negative effect on one’s credit score. So just throw ‘em in a drawer, never to be seen again.

But the real story is the benefits you get with certain metal cards.

Amex Business Platinum Card

I first went heavy metal a few weeks ago. Wow, did I love that American Express Business Platinum Card when it arrived! It had that certain luxury feel like, you know, a fine watch or something. Kinda how I felt when I first strapped on my stainless steel Apple Watch. I get spoiled, ya know? And the unboxing experience was almost Apple-esque. No stinking envelope for this metal card!

Why did I apply for it when I already had an Amex Delta Skymiles Platinum Card? Because of a killer perk Amex added recently to this top-of-the-line Platinum Card: a free WeWork membership for a year, which allows access to any of their global locations. Not that I plan to travel that much, but I could see myself hanging out at my cool local WeWork facilities when I get tired of working in coffee shops or in my home office (and, ahem, drinking their free coffee and beer). I would undoubtedly make some great new connections there, too.

WeWork claims the value of the membership is $2700 annually, so pretty crazy, huh? Huge hat-tip to my friend William Harris for alerting me to this awesome perk.

So, I’m dropping that other (plastic) Amex card, which I used for business expenses and paid a card fee of $195 annually. The new card is $595 per year, so $400 more to get that WeWork perk — and a bunch of other cool benefits as well. No brainer for me.

But Wait, There’s More… Metal

Apple Card

No sooner was I just beginning to use my new Platinum Card when another card comes along — which I also now gotta have. Maybe you heard a little bit about it? Yes, um, it’s metal. Titanium. Oh, the thrill! It has no number on it, no expiration date, no security code. Just my name and a chip, baby! And, double-um, it has — are you ready? — no annual fee, no late fees, and a lower interest rate than most cards, for those who don’t pay off their balance each month.

“Pinch me — this can’t be true!!” I screamed at my MacBook Pro as I watched the big Apple Event. And did I mention it was metal? Apple has one-upped Amex (and lots of others) on this one.

You don’t even have to call some bozo salesperson to activate the card. And how about this: you just text for support — no more calling some g-damn 800 number the back of your card. Everything about it is all in your phone, securely, in Apple Wallet.

Did I mention you get cash back with every purchase — 1, 2, or 3 percent, depending on the type?

Now, the prospect of having two metal cards in my wallet, come this summer when Uncle Timmie sends me my new one, has me doing downright crazy things. Like writing this post. About credit cards. What??

Yes, this is the strange world of the Apple fanboy. Always going heavy into the latest Apple buzz. Even writing about their chips,  no less. And I’m not done yet!

(Photoshopped images of my credit cards courtesy of my awesome buddy Steve Borsch.)

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UPDATE 4/5/19:

So, you were wondering why Apple would get into such a crazy new business?

Apple Credit Card Could Be Worth $1.5 Billion in 5 Years, Analyst Says – Barron’s

 

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