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The Rundown

The Real iPhone Story Apple Investors Are Missing | Mark Gurman

14 Sep 2025

Description

Apple just unveiled the iPhone 17 lineup, including the all-new iPhone Air, and the reaction from Wall Street was surprisingly muted. But Bloomberg’s Mark Gurman, the most plugged-in Apple reporter in Cupertino, sees it differently. Gurman argues that Apple’s latest strategy is less about chasing AI headlines and more about doing what Apple has always done best: building hardware people actually want.In this conversation, he break downs: Why the new iPhones could boost Apple’s revenue even without a super-cycle.The marketing genius behind the iPhone Air.How Apple’s hardware-first focus is exactly what consumers want.The reality of Apple’s AI and Siri ambitions.The supply chain strategy as tariffs and geopolitics reshape tech manufacturing.

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