00:00I read it a few times, AirPods with camera, and the new bit, I think, is the kind of timeline
00:05for launch.
00:06Go with that. Like, what was the important bit of what you reported, Mark?
00:11Yeah, so these new camera AirPods are going to launch at the end of 2027.
00:16It's going to be a pretty blockbuster fall of next year.
00:19That's the 20th anniversary of the iPhone, so they're planning a lot of stuff to go hand-in-hand with
00:24that.
00:24That, in addition to these AirPods with cameras, and just to give you some context, these are not for facial
00:30recognition.
00:30These are not for taking pictures and video.
00:33These are for being able to see the world around you and feed that information into Siri.
00:38So you can say things sort of like, what can I make with the food on this table, right?
00:43What recipes can you concoct for me?
00:45Tell me more information about that object or that plant or what have you, or things for visual reminders or
00:51more specific turn-by-turn directions.
00:53And in addition to that, you're going to see the second generation of a foldable iPhone, as well as the
00:5920th anniversary iPhone, something I'm calling the iPhone 20 or the iPhone 20 Pro, coming out at the end of
01:04next year.
01:05So it's going to be pretty jam-packed.
01:07And if you look at the more near-term, this year is going to be pretty extensive as well.
01:12You have several new iPads.
01:14You have several new Macs, new Apple Watches.
01:17And, of course, you have the first foldable iPhone, as well as the iPhone 18 Pro, 18 Pro Max.
01:22And if you recall, Apple made that big design change with the 17 Pro and Pro Max last year.
01:29Typically, when Apple does a new design change, the first two years of that design are extremely successful in terms
01:34of upgraders.
01:35Some people don't do it in year one.
01:37They like to wait for year two.
01:38And so I think the 18 Pro and Pro Max are going to be pretty hot sellers this fall as
01:42well.
01:43Another big story that played out in markets, it played out on social media in a huge way in the
01:49last 24 hours, is Snap and Snap Specs augmented reality glasses.
01:54You know what the stock reaction was.
01:56You spoke to the CEO yourself.
01:58Summarize everything we need to know about this, please.
02:01I think the stock reaction is more in response to how much was spent on this product and investors and
02:08Wall Street knowing that this is not going to be a hit out the gate.
02:12This is a conceptual product right now.
02:14This is something like when the Vision Pro launched a couple years ago.
02:18This is going to be for developers, for the biggest tech fans, for the earliest of early adopters.
02:24This is not something that's going to light the world on fire from the get-go.
02:28But this is the future of computing, I believe, as well.
02:31And this is what Evan Spiegel has been saying.
02:33These are augmented reality glasses that allow you to overlay applications, your work, notifications on top of the real world.
02:41And eventually, this is a product category that is going to click.
02:45But it needs to get a little bit lighter, and it needs to get a lot less expensive.
02:49These are about $2,200 right now, certainly not the priciest device in the category, the Vision Pro obviously being
02:56over $1,000 more expensive than that.
02:58But there is some work to be done.
03:00But this is another stepping stone towards that vision that Snap and several other companies have.
03:05So maybe I'm not optimistic about this first generation of the product from Snap.
03:09But in terms of the category, this is going to be the future, and Snap clearly is placing a foothold
03:15there.
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