The Apple-Google comparison is well-structured. The TSMC customer ranking shift is a critical signal most folks overlook, and the parallel to IBM/Microsoft is apt. That said the monetization question on Gemini is still open, search ads are just incredibly high-margin. Curious if Google's verticl integration advantage in cloud and TPUs will offset potential revenue compression as AI search replaces tradiitonal ads.
And love the antitrust angle 🥸
Really interesting read, esp when thinking ab the last hit apple product. The iPhones really have been mid recently
The Apple-Google comparison is well-structured. The TSMC customer ranking shift is a critical signal most folks overlook, and the parallel to IBM/Microsoft is apt. That said the monetization question on Gemini is still open, search ads are just incredibly high-margin. Curious if Google's verticl integration advantage in cloud and TPUs will offset potential revenue compression as AI search replaces tradiitonal ads.