Gene Munster: iPhone Duo Will Be A Category Killer & Meta Muse Will End The Algo

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Gene Munster (1:06)

You're going to boil it down to the thing that I saw. Not that thick. And separately and importantly, the seam, that crease, it's almost impossible to see it. If you have a certain light, you can barely make it out. And what that means is that this is a device that doesn't feel like a foldable. It feels like just two different phones that you have at once. People are going to consider this, which is a big difference. And I think if you're going to play it forward right now, it's that I think this is probably going to count for 5% of Apple's revenue in fiscal 27

I think before, if you're going to ask me, I would say it's between two and two and a half. So I think it's kind of double what it is. Now it's not, this is not game changing in the sense of it's going to add 30% to revenue, but it definitely is in the positive category when it comes to revenue. And that's what stuck out.

Dan Nathan (1:53)

Welcome to the Risk Reversal Podcast. I'm Dan Nathan. That is Gene Munster returning to the podcast. He is the managing partner at Deepwater Asset Management. Gene, welcome back to the podcast.

Gene Munster (2:02)

So fun to be here.

Dan Nathan (2:04)

All right, but you know, you and I have done this, I want to say maybe 15 times. We've probably done Fast Money together, maybe a hundred times. I don't know, maybe more over the years. And I don't know why every time with you, man, I just get my radio voice on, but maybe that's just getting us all geeked up a little bit here. You and I had a lot to talk about. I don't think we spoke right after earning season. I can't really remember. And it felt like this tech earning season went on and on and on. I mean, it feels like tonight after the close, we're recording this on Thursday, we have Oracle. I think we also have Adobe, correct? So, you know, like kind of the tag ends a little bit of the software, you know, that we've seen over the last few weeks or so. But I want to talk AAPL Duo. This is the new foldable phone. I want to talk about Metamuse, which Metamuse, this is like Metamuse, that's not a great news. I mean, they didn't give that too much thought there, did they? But, you know, to me, as someone who's not a big Meta fan, I find that really intriguing and we'll talk it through personal agents and the like. I don't know about you, I've been using this instinct for the last few weeks. I think that's really interesting there. Gemini, Dream Beans, have you tracked this thing? It's freaking cool. All right, that's pretty cool.

I want to talk about Tesla, Cyber Cab and what it means for Uber, and then maybe 10% chance we're all going to die because of, AI.

So we'll finish off with that, a really positive note. All right, Gene, we got to do Apple. It really was the duo event, right? I know that you were watching every minute, you were live tweening it, that sort of thing. We were on Fast Money together last night. You and I have gone back and forth for many, many years. Me, from a qualitative standpoint, you from obviously a quantitative standpoint, I asked you one question last night after I gave you my view on what I could see about the phone and what I thought about the phone. This is somebody who's had 15 iPhones, 10 iMacs, every product that I said, not me, not for me. I think it's going to be kind of like one of those douchey things when people pull out, they're going to get made fun of. And I'm a version two or three guy. Okay. You, I said to you, you're buying the stock for this thing? You said, yes. All right. The stock's up 3% in a down day. Good on you.