The Rise of Apple's Vision Pro

The bears thought this was going to be a $2 trillion or lower. I think the reason the bears are in hibernation mode is because you have $250 million of 1.2 billion iPhones that haven't been upgraded in four years. You combine that with services, which we view as $1.3, $1.4 trillion. And this is all the drum roll to what Ultima is going to be the next step for Cupertino.