David Rosenthal: belief

Transcript context

…That also assumes generously that Meta could build a services business attached to it the size of Apple’s services business, which probably generates right around an equal amount of profit. Basically, take all the profits from iPhone and double it. That’s actually what you would need. It’s actually fair to attach a similar size services business. I think that’s very fair, knowing Meta and all of its capabilities and everything that we just talked about. That is the bet. Let’s just be super clear. Anything else is a complete incineration of cash.…

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