Motley Fool Hidden Gems Investing - What Apple Didn’t Say

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Starting point is 00:00:22 Whatever lies ahead, don't change your morning. Let your morning change you. Discover Coffee Plus on Nespresso.com. it's not artificial intelligence it's something else you're listening to motley fool money i'm ricky mulvey joined today by nick seipel nick good to see you great to be here with you ricky I think there's one main story, and that is the WWDC conference from Apple. There were parts before they started talking about the thing that is not artificial intelligence, even though AI is the, you know, that's the main part that's grabbing people's attention.

Starting point is 00:01:12 There are a few sort of updates in the iOS for what we'll call the warm-up portion. A few things that I'm excited for as an Apple user, and I don't want to do a list of everything they announce. but what are some of the, uh, what are some of the updates that stand out to you from this? Sure. Yeah. You want to call it the opening act, right? It used to be the iOS is the exciting, exciting thing for me, if I'm being honest, being able to filter screenshots out of the photos app is going to be useful to me because they clog up, uh, all my photos, uh, in a big way. Um, maybe more practical things, messaging over satellite seem pretty cool. If you're somebody who likes to go kind of offshore boating or anything like that, you can text your family

Starting point is 00:01:47 when you're on the way back, even though you're off the grid. I think that's pretty cool. you know someone who uses the iphone email app automatic categorization a digest view for all your emails from one vendor i think that's going to be super convenient for me when i can't remember when i bought that thing what's the tracking number you know lots of really practical simple improvements that um you know aren't going to be world changing but uh but i think it's going to make your experience a little smoother which i think is really the theme of this whole event yeah or if you're in a uh if you're in a uh a mountainous area and you don't have cell service it's going to be a lot nicer to send a, a text or an iMessage via satellite. I think for me,

Starting point is 00:02:23 the game changer, Nick is the, uh, the send later feature is someone I'm on mountain time. I work with a lot of people on East coast time. I often have thoughts and ideas around 6 PM, their time, 7 PM, their time. And it's going to be able to nice, be nice to, to send a text to them at, uh, at 9 AM, 9 AM, their time. I'll shout out the nodding feature for, for AirPods, where you can except a call with a nod or a shake of your head. I think that's pretty cool. Apple is also maybe killing some of the smaller apps with their list of new features.

Starting point is 00:02:54 I'm seeing a lot of takes that apps like AllTrails, which is a hiking app with a premium service, one that I use, might be killed by the new Apple Trails feature. And also Grammarly, which is another app I use, checks your writing, offers suggestions to make things more grammatically correct, maybe more professional, more casual.

Starting point is 00:03:12 you know are you buying that these smaller apps are going to get killed by the updates that apple just announced i think in some cases i am i mean this is a theme of of the iphone going back for years and years and years i remember when people used to ride around with the gps in their car now they just ride around with their iphone really gobbling up lots of different applications the iphone's able to do really a reminder that a product that can do lots of things always going to be a threat to a product or a service that can only do one individual thing apple really controls the default on these platforms and often the default tools are in a position to win. So, I think AllTrail is in particular going to be in a tough spot. Why use this

Starting point is 00:03:52 tool that often has some features you have to pay for when you can use the native Apple Maps app and use things just fine? I think Apple's Passwords app is a potential threat to 1Password, potentially a threat to lots of other smaller password apps out there. They've got a tap-to-pay application that is going to allow you to quickly transfer cash between friends that potentially could be a threat to Venmo. So listen, this is something that you see every year at the WWDC. Apple, this big juggernaut, adding simple improvements for it onto its tool that seemed very practical, but for another business is really world-changing its testament to the size of Apple and really the power of the default, which Apple really controls. I agree with you on most of that. I think Venmo

Starting point is 00:04:39 is the one where i'm going to disagree a little bit just because for many people venmo already is the default for payments the qr code works well enough and oh when you need someone to pay you sometimes they don't need an iphone so i i think that might be a little bit safer than than some of the other ones here apple kicked off with some spatial computing updates hey don't forget they have a vision pro out and now they have version 2.0 for that software uh what'd you think of that Have you checked out the headset? I still have not checked out the headset myself. I do have a MetaQuest sitting, collecting dust in a cabinet somewhere. By no means an early adopter when it comes to this spatial computing revolution. We're really still at that early

Starting point is 00:05:23 adopter stage. At the WWDC, announced intentions to launch the product in countries in Europe and China. Later this month, Apple's still really working to create content that really leverages what the Vision Pro can do. Just that little content creation piece reminds me a little bit, if you think about early HGTV, where there was one channel on cable that actually showed HD content when eventually HDTVs became mainstream. Maybe that'll happen for the Vision Pro, but it also reminds me of 3D TVs. If you remember, there was a little bit of content that you could get for those platforms, purposefully made. Those never really took off. We're still in the early adopter

Motley Fool Hidden Gems Investing - What Apple Didn’t Say

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