Latest Research
Loup TV 134: Tesla + Apple Wallet; MR’s Rough Road; Peloton’s Unlikely Suitors

Loup TV 134: Tesla + Apple Wallet; MR’s Rough Road; Peloton’s Unlikely Suitors

Takeaways:

  • The Tesla insurance card can now be added to Apple Wallet. The seemingly insignificant integration speaks to the fact that many Tesla owners are also iPhone owners. No surprises here, don’t expect any more software tie-ins between the companies anytime soon.
  • Microsoft is having difficulties delivering a mixed reality headset to the Department of Defense. The challenges speak to how hard it is to deliver a mixed reality headset to the mainstream.
  • Google continues to get rid of old and build new tools to help advertisers navigate around IDFA. Like it or not, ad tracking will continue to be part of our everyday lives.
  • While a Peloton shareholder activist is demanding change at the top, John Foley’s job is safe. Talk of Peloton ($9B market cap) getting bought is just that, with the long shot suitor being Nike ($230B market cap).

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Themes
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Loup TV 133: The Market; What to Make of Crypto; Apple’s Iconic Cash Flow

Loup TV 133: The Market; What to Make of Crypto; Apple’s Iconic Cash Flow

Takeaways:

  • Volatility continued in the markets in anticipation of the upcoming Fed commentary on Jan. 26. The Fed can make this easy for investors on Wednesday by removing the uncertainty around timing and slope of upcoming rate increases. All in, we believe the market forms a bottom over the next one to three months.
  • Crypto has been in even greater free-fall than the greater markets YTD. While volatility will undoubtedly continue, we believe crypto is here to stay.
  • Netherlands Regulatory Commission issued a small fine to Apple related to needling payment changes within the App Store. The 5M€ fine, which is material, is dwarfed by the strength of Apple’s free cash flow.

Disclaimer

Themes
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