“Morgan Stanley believes Apple’s poor iPhone sales results and rising inventory levels are bad news for the industry’s chip suppliers,” Tae Kim reports for CNBC.
MacDailyNews Take: Apple did not have “poor iPhone sales results” and anyone who tells you they did is either ignorant or a liar.
“‘Disappointing iPhone units combined with an inventory overbuild should continue to have a pronounced impact on Apple suppliers and the smartphone segment more broadly,’ Morgan Stanley semiconductor analyst Joseph Moore wrote in a note to clients Monday entitled ‘iPhone weakness is driving a sharp inventory correction.’ ‘We remain cautious on Skyworks Solutions, and see some risks to the broader semis cycle,'” Kim reports. “As a result, Moore reiterated his underweight rating on Skyworks Solution shares. He has a $85 price target for the chip supplier, representing 14 percent downside to Friday’s close.”
Read more in the full article here.
MacDailyNews Take: Nowhere in the article is the rather salient point mentioned that Q118 was a 13-week quarter vs. a 14-week first quarter in fiscal Q1 2017. iPhone unit sales did not decrease on a weekly basis, only on an unequal period of time labeled a “quarter.” Were Q118 14 weeks or Q117 13 weeks in length, iPhone unit sales grew YOY.
Those who claim otherwise are disingenuous.
SEE ALSO:
iPhone sales are much stronger than some seem to realize – February 2, 2018
Dow plunges more than 600 points; Apple shares fall – February 2, 2018
Apple breaks record for biggest ever company profit – February 2, 2018
So much for worries over Apple’s iPhone X – February 1, 2018
MacDailyNews presents live notes from Apple’s Q118 conference call – February 1, 2018
Apple smashes Street with biggest quarter in company history – February 1, 2018
[Thanks to MacDailyNews Readers “David E.” and “Judge Bork” for the heads up.]
As the Trump Depression begins, Apple may find selling $1000 throwaway phones a hard sell. A correction is on and it has a ways to go.
#RAOA Ripping America Off Again
Give the negative short manipulation attiude up Dav. U have jumped on the wrong bandwagon.
Previous post by u ‘ dont buy Apple unless its below 100 “ … …
You are so predictable. It’s everybody else’s fault. Label and blame. New day, new bullshit from the white house either taking full credit or placing blame depending on whatever the Murdoch cabal tells the orange fool during his morning 4 hour executive Faux TV and Tweet time. Then you parrot it here too, free of charge. You should get paid for carrying so much manure every day.
Here’s a concept: either the US president has a significant effect on the gambling den that is Wall Street or he doesn’t.
A — If yes, then sustained stock gains should be credited to the president that took action to enable those gains (8 straight years of growth under Obama); if losses are incurred, then we must look at the presidential policies and ask if reform is needed. Too early to tell how long the Trump reforms will fare, but shooting adrenaline into the coffers of multinational companies doesn’t seem to result in a directly upward moving stock market.
B — Alternatively, if the president isn’t a big factor in corporate wealth, then he and his clan should stop their immature tweet and repeat claims that one person made all the gains and the evil press or the fbi or the losing candidate from last year is all to blame for everything.
Pick one.
Yup im predictable and point at faults when it comes to blinded, dogmatic, hypocritical anarchical lib/dems attitudes! You know why ? because i have no other choice.. they keep pumping the same bulshit/blamd and behavior out every day… im merely criticing what i see.
Once libs grow up and out of their LALA land .. maybe ill become less predictable. …..And less critical.
In the nean while a good place for libs to start with is “‘respect for rule of law ‘
But im sure you guys dont even know what im talking about. After all being blinded and radicalized has a definition and has its consequences.
Ohh another thing.. ….at least i dont downvote people blindly across the board out of spite and political differences If subject at hand has nothing to do with politics.
I read each post for the merit of its content. And express my point.
Libs on the other hand will shoot themselves in the foot for political idiology and spite for another .. regatdless of subject at hand..
Even if i post an overwhelmingly positive (non political ) post, correct misconceptions… presents documented facts( not opinions ) the lib gang will open the floodgates to downvoting .. (in True spirit of ‘gang-style’) …
They rather spread disinformation and missinformation and distort opinion pools for political reason and out of spite for an individual they may have political differences with. .. on subjects that have zero political content and on subjects that are actually supportive of their view. … just beouse they dont like someones political approach. …..but hey spite first, truth last. Right !
You dont have to like my political views to like Apple…. thats ignorant .
Yes folks… thats the lib way of our modern days..
Now, in the world i grew up in.. and a journey that has taken me almost the whole way around the world… .. that is called stupid and foolish, prejudice and dogmatic… by the wise ones.
Go ahead libs.. bask in Political fanatism.. that is very progressive.. . Sigh .
“Libs on the other hand will shoot themselves in the foot”
Yeh, all libs are the same. Please shut up about such stupid, infantile, bigoted generalizations, and stick to your sensible posts.
Sean :
(MDN limits my replys… for some reason i cant respond to your post to me..
Hopd u catch it anyway)
I am merely reflecting how ‘most’ libs are behaving… im not creating it.
But i do have to agree with u on one issue..
I should have said “ Most libs’ or libs in general not “ libs “ as libs across the board… but most .
Many – or maybe most – of the population is stupid… of every political persuasion.
But a real high point of stupidity is to think that stupidity is a special quality of liberals.
E.g.
– Check out the educational level of Missouri, Mississippi, Alabama, and many more such states. I’m sure you know what I mean by “such”.
– The huge audiences for Mr. Lizard People and Mr. “You can smell the sulphur coming off the Obamas”.
– The massive numbers of people who think the ultrarich and their lap dogs give a flying fuck about the peons.
– The belief that Donny, Kushner, Manafort met with a bunch of high-level Russians to discussion adoption.
and on, and on, and on.
Re Yojimbo
Still wouldn’t buy Apple below $100.
The Trump Depression in part brought to you by the GOP Tax Scam is apart from Apple’s being overpriced.
I see.. Apple is overpriced At Ttm pe of 16 , forward pe of 12…. 280 billion cash…1.3 billion unique user base, most valubale brand status, customer satisfaction of %90+, a record smashing quarter ( 20+% growth for a company that size )
Yup Apple is overpriced …
As i said above.. many lib minded people will destroy anything to express their opposition. ….. sad..
thats like looting your own neighborhood ….
Dav- if you chose not to buy apple under 100 then my guess is you dont have funds in the market. Besides having the best p/e ratio of any big multinational, 284 billion in cash reserves, double digit growth on a week by week basis in iphone, growth in ipad, and overall domination with apple watch i cant see a good reason to buy it either. Maybe it is the fact that they will control their entire supply chain within 10 years or that the develop their own chips, or run most of their operations on green energy, or have faceid tech cited as being 2 years ahead of anyone else, or that they make more off services than samsung does on phones, or… well ill just stop there and you can take in what an absolutely ridiculous comment you have just made.
I have Apple stock, I just have not bought more since well before the 7-1 Split. I have not been buying any new stock for some time awaiting a market correction (⬇︎10% or more) and do not think we are done.
I kept my Tesla, VW, Amazon, & Apple stock. Most of the rest was liquidated to cash/bonds some time ago. The market has been overdue and I am not sure yet this is the full reset.
hahahahaha….OMG, that’s hilarious
If liberal stupidity were not so sad and pathetic, it would be funny!
$1,000 throw away phones? How green and economically pure. Apple will rue the day iPhone X was birthed.
How is it possible for all these ignorant reporters/anacysts who continue spreading fake news…. to go on deceiving their readers with zero accountability or consiquesne!??
How can this even bd considered legal .!?
Hang them idiots from their toenail … or better yet off with their heads.
“How can this even be considered legal?”
#1: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”
#14: “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.”
The same rules that apply to Congress and the States also apply to all other governments and government agents within the United States of America. That includes the courts, so you can’t even sue somebody for exercising free speech (absent a malicious lie or imminent threat to public order), much less sent them to the guillotine.
I dont believe the amendments were meant to support blatent lies, disinformation and deceit under the guise of free speech … or USA would have been a third world country by now.
Blatent loes … as is the case very often at WS…
and to stay relevant to this thread ‘apple earnings distortion issue’ .. which in a way results into theft.
All it means is that there needs to be a person/group that will post ‘True’ information right next to those lies. Unless one of those lies results in defamation or libel the only way to fight them is with truths.
I hear u.. but truth is very elusive…most people dont have direct access to the absolute truth neither the time to invest in arriving to it.. if such thing is possible at all.
Most people simplely believe truth is what has been repeated most and tye loudest.
… hence the corrupt and unaccountable manipulation by the powerful, the media and those with louder voices, agendas and bias .
Wow – how do these people even live – not a single story lately has anything factual to say. Our media is embarrassing.
850,000 iPhones a day during the holidays sounds like a real slowdown.
When disrespect for the truth infects the highest levels of our society, disregard for evidence-based decisions grows throughout.
E.J. Dionne argues in a column today that “Nunes is paving Trump’s road to autocracy”:
“In her classic 1951 book, ‘The Origins of Totalitarianism,’ the philosopher Hannah Arendt offered two observations that help us understand the assumptions and purposes behind the memo,” he writes. “The totalitarian method of the 1920s and 1930s, she noted, was to ‘dissolve every statement of fact into a declaration of purpose.’
She also said this: ‘Mass propaganda discovered that its audience was ready at all times to believe the worst, no matter how absurd, and did not particularly object to being deceived because it held every statement to be a lie anyhow.’
Dionne concludes, “The cynicism of a significant part of the public, particularly Trump’s supporters, leads them to believe that everybody in every institution lies. The Nunes talking points toss out distorted and disconnected facts, not to advance the truth but to cloud it in confusion.”
Yup.. 95 billion in revenue when # of weeks discrepancy is taken ito account.. 21% growth
It WS = charlatans …………pure blatent theft
1) Trump must go.
2) Don’t blindly blame the media. Morgan Stanley and other capitalist vultures are to blame here, not the poor schmuck who has to report their BS.
3) I don’t pay attention to this crap. Exploding Samsung phones, Microsoft Surfaces being put in freezers- those are the Real stories.
The sell off, buy back, sell off frenzy today, happened in 10 minutes. It’s like a Rorschach test for all of the idiots on this site that turn everything into politics. Robots belong to no political party. The sell off is not about bad press or anything other than lots of robots deciding it was time to take profit. This type of trading needs to be banned.
Is there anything that isn’t Apple’s fault?
Pretty soon they’ll be getting the blame for the Titanic…
Some days I’m tempted to post a picture of an actual anal cyst. But I’ll restrain myself.