“When it comes to actual fake news, Apple is often the victim of phony stories about one thing or another. The reasons why are varied. So putting Apple in the headline, good or bad, is certain hit bait,” Gene Steinberg writes for The Tech Night Owl. “That means more ad clicks, and more money.”
“But I often wonder whether some of those faux stories aren’t fueled by Apple’s competitors. Certainly they have motives, because Apple earns the lion’s share of profits in the smartphone business,” Steinberg writes. “Apple pretty much owns the smartwatch market with Apple Watch, and the iPad, with sales on the rise again, dominates tablets. You get the picture.”
“As is often the case with Apple, the facts kept getting in the way. For the most part, Face ID turned out to be as reliable or more reliable than Touch ID,” Steinberg writes. “In short order, Apple began to match supplies with demand, and the situation improved really fast. So if you had to get an iPhone X immediately or with a short delay, it became more and more possible. Why? Well, instead of assuming that Apple was simply competent in managing the supply chain, it was all about a presumed lack of demand. Soon it was rumored that Apple cut parts orders big time for this quarter, thus indicating that sales were far lower than expected. In the days ahead of the release of Apple’s December quarter financials, the stock price began to drop. Apple allegedly placed a huge bet on the iPhone X, and it lost.”
“Again, the facts got in the way,” Steinberg writes. “Once it began to ship, the iPhone X became the number [one] smartphone on the planet.”
Read more in the full article here.
MacDailyNews Take: iPhone X makes every other iPhone seem ordinary. The jump from our once-flagship iPhone 7 Plus units to iPhone X last November was the biggest leap forward ever.
And, yes, the Apple FUD never stops from competitors, stock manipulators, haters, hit-whores, etc.
In what has become the Nikkei’s annual shocker: Apple is decreasing production in the quarter after Christmas. Cue the horror!
Everything in this Nikkei article is conjecture, estimates, and FUD.
This report (as with many of Nikkei‘s Apple-related reports) smacks of a plant designed to depress the price of AAPL. Plain and simple. And Nikkei seems to be the preferred place to do it.
Those who fail to learn from history are doomed to lose money in the stock market. History lesson below. — MacDailyNews, December 30, 2016
SEE ALSO:
Do iPhone X sales spell trouble for Apple? – January 30, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017
Nikkei: Apple to decrease iPhone production 10% in first quarter of 2017 – December 30, 2016
Nikkei proclaims ‘iPhone 7’ Dead On Arrival; bemoans Apple’s ‘lack of innovation’ – May 12, 2016
Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
Apple swoon erases $17 billion from stock market – January 14, 2013
Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
Apple drops to 11-month low on old reports of component cuts – January 14, 2013
The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
Apple pulls down U.S. futures – January 14, 2013
Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013
When you’re as good Apple your competitors will absolutely hate you and use fake news to bolster themselves.
Forbes will forever be a nay sayer.
Overtime i read an article about Apple in Forbes the facts are so wrong it is almost comical – makes me wonder if they have any facts about anything correct. Hope no one actually looks to Forbes for advice. How did they get so bad?
Microsoft Forbes, Microsoft Verge, Microsoft CNet, Microsoft ZDNet, Microsoft CNBC, Microsoft Bloomberg, Microsoft Manchester Guardian, etc., etc., etc., etc., etc.,
They knew they were wrong when they said what they did, so they certainly won’t admit it now. It seems hard to believe that they really aren’t smart enough to realise that the same false stories are being circulated every year.
They have an agenda which they are pursuing and facts can easily be disregarded when inconvenient, the important thing to them is to keep pushing their message.
I bought it because of the Notch! See it wasn’t an issue at all. Naysayers said the Notch will lower sales. 😛
I’ve dealt with Apple-haters for the 20 years I’ve owned the stock. It’s whats keeping the P-E so low.
wrong that it was an overpriced attempt to create a new tier of product that nobody was asking for and sold accordingly? no, i won’t be apologizing
Do not skate where the puck has been, but to where the puck is going to be. Let’s see the future. At present, iPhone X is mired by issues, which MDN does not mention, be it fixable or not. Apple decided to cut back the production of the X by 40%, be it just a rumour or not (where there is no fire in supply chain, there is no smoke), and trying to reduce the OLED models which only push up the price with no appreciable benefit for the small screen device (cost vs. benefit), compared to more advanced current LED, seemingly preparing for resetting the pricing (down) without appearing that they did overprice the current X (I like those rumoured prices this year, which are much saner), which is going to be removed from the line up altogether anyway, with an excuse it was just a one-off 10th anniversary model…may be true, maybe not..
Don’t take me wrong, I wanted the X, and particularly liked the smaller form factor with maximized screen real estate. Not so much on the FID. I almost bought it but decided to hold it off till this year. No conspiracy, no hatred. I do not hate the X. I just did not like the over hyping of what I thought was the overpriced little gadget.
Combined with other more serious worries, I am closely watching what Cook is going to do to correct the carnival atmosphere he attempted to create.
iPhone sold relatively (not exceptionally) well, 13 weeks or not. But certainly not the X, no highly heralded “super cycle” occurred and there are reason for that. I thought we all saw that.
How do you explain the $100 increase in average selling price for the quarter? The iPhone X was only available for 8 of the 13 weeks. To have such an influence on the ASP in such a short time, the X must have sold much better than anyone thinks.
Heck, no!!!! Why should they admit they were wrong? They were basically hoping Apple would fall on its face because they hate the company. They couldn’t possibly have known how well the iPhone X was or wasn’t selling. However, it doesn’t matter. All the fake stories were able to collapse Apple’s hard-earned share price into a ball of tinfoil. What’s Apple’s share price now? About $156 a pop. Two weeks ago it was at around $178 and supposedly heading for $193 to make that $1T market cap mark. At least that’s what some optimists though. Easy-peasy after earnings they said. They obviously know nothing about Apple’s “10% correction” heritage. Apple goes well for a while but it’s only a matter of time for that “necessary Apple correction.”
Currently, Apple’s rapidly compressing P/E is sitting at 16, while both Alphabet and Microsoft have a P/E of 59. That’s right, 59! If someone is going to tell me Apple isn’t being raped, I don’t want to hear it. That’s how much more respect from Wall Street those companies get than Apple. Those companies should easily reach $1T based on P/Es that high. It’s totally unfair and Apple is singled out as having no future growth and how the past quarter was a HUGE disappointment. I have no intention of dumping my precious Apple stock but it’s just downright sickening how Apple is always being screwed over… and Tim Cook simply smiles. I don’t see how any self-respecting CEO could tolerate all those fake stories and do absolutely nothing about it. Those fake stories are certainly hurting Apple’s valuation by scaring off potential investors. That signal is, “Don’t buy Apple, buy Amazon.”
Hope you calm down.
It’s just a forum chat with varying opinions. Nothing personal right? (except Cook, everything is his fault, isn’t it? LOL). WE never blame ourselves but you have to blame somebody, no? If you can’t find anybody to blame, just blame Pope. He will take it.