Ed Elson

He increased revenue 300%.

He increased profits 350%.

But when we look at the decisions that he made and the things that he actually did to achieve those numbers...

Trip, what do you think he got right?

Like, what were his big wins over the course of his career?

And then we'll return to what the future will look like.

But what do you think he got right?

Yeah.

Patrick...

I'd be curious to hear if you have anything to add on to that and potentially, but my follow-up is what do you think he got wrong?

Is this part of the AI problem here?

I mean, we talked about the fact that Apple is basically the only company that is not investing hundreds of billions of dollars into AI infrastructure.

I mean, look at Amazon, its CapEx is expected to reach $200 billion this year.

For Google, it's close to that, $175 billion.

And then Apple is going to spend only $14 billion.

They're actually cutting their spending.

Is that...

I mean, what does that say about the company?

Is that because they don't have vision or is it because they have discipline?

I mean, what are we to make of that?