YWR: A New iPhone Moment

There has been a new iPhone moment.

You know, one of those moments, like in 2007, which over time changes everything about how we interact with computers.

One of those moments where in hindsight we underappreciated how much things would change.

One of those moments where new platforms arise and other seemingly solid platforms like Nokia and Blackberry are disrupted.

I believe this happened again on September 25th, 2024.

Except nobody noticed.

Later that week I would go to a best ideas conference with 20 other investing professionals and none of them noticed it either.

In fact at the conference there was notable lack of interest in tech stocks other than that Nvidia needed to ‘die’ in order for value ideas to work.

And I didn’t realise it either until something caught my eye in the Q3 tech earnings.

It sparked my curiosity, took me down a rabbit hole, and in the end made me rethink one of the MAG7. I might even buy the shares.