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We believe Meta’s current share price offers a generational buying opportunity. And the assumptions required to achieve our hurdle rate of 10.25% return per year are exceptionally low, providing a substantial margin of safety. We consider three issues are primarily responsible for the company’s 72% share price decline year to date: 1. The introduction of … Continued
In 2017 we suggested Augmented Reality/Virtual Reality could be the next computing platform, with forecast sales of $80 billion by 2025. At the time Apple had just launched its ARKit framework, Microsoft had launched its HoloLens headset, and Magic Leap had raised $2 billion to develop its highly secretive Magic Leap 1. Terminology Over the … Continued
When the US Department of Justice (DoJ) brought its antitrust case against Google in October 2020, it flagged the large payment made to Apple for positioning it as the default search engine in Apple’s Safari browser. Most significantly, Google has had a series of search distribution agreements with Apple, effectively locking up one of the … Continued
