Ed Ludlow

Because there is such demand for equivalent chips that are going to data centers.

And so Mark's answer is appropriate.

Apple has leverage and the ability of scale to say, okay, we have got ahead of this.

And one would imagine that their supply chain team is sophisticated enough...

to have foreseen some of the things that we're now experiencing in that market.

I am not Bloomberg's Mark Gurman.

But what I would say, right, is that when Mark did that recent reporting, and it's been over a period of time about which executives are now more at the forefront of Apple's future, he was crystal clear in that reporting that there is no suggestion that Tim Cook being replaced or stepping down or retiring is imminent.

that this was a longer term thing.

What I would reflect on is the conversations that I have with people in industry and those that come on the show and talk about it is Tim Cook is the operator that many people would want in an environment like this where we still have trade and tariff considerations.

The movement of goods between borders from point A to point B is quite difficult.

And as we just talked about, specifically memory pricing, that's within his range.

This is not me speaking, this is how people would relay it to me.

Mark, when he goes on air and when he writes, and again, I'm not speaking on his behalf, he would talk a lot more about the product.

fresh products, reiterated and renewed products in the product pipeline for the future.

And right now, I don't know that people are necessarily so worried about that, at least in my world, they are worried about when they're going to get the software bit right with AI.

Well, Amazon probably can invest that much money.

What we've seen is most of the hyperscalers that were wedded to one player have diversified.

Anthropic and Microsoft have deepened their interaction.

Anthropic was very heavily aligned with Amazon.

Google and Anthropic are very heavily aligned.