Donald Trump: Why I sold my Apple stock

“Donald Trump has an opinion about absolutely everything,” Lawrence Lewitinn reports for Yahoo Finance. “And now he’s sounding off on Apple.”

“Like Carl Icahn, Trump has taken to Twitter to criticize Apple for its business decisions. Unlike Carl Icahn, who has invested $4.1 billion into Apple, Trump isn’t criticizing the company for, say, not spending buying back more shares or increasing dividends,” Lewitinn reports. “Instead, Trump wants Apple to know: Size matters, especially when it comes to smartphones.”

“That may sound rash from someone who has never run a giant tech company,” Lewitinn reports. “But, here’s where Trump may be on to something: Big smartphones are big China. Large-screen Androids (five inches or bigger) make up two-fifths of China’s Android-based phone sales. Androids currently make up about 60% of all smartphones sold in China and its market share is growing. In a country where an iPad Air sells for nearly $600, smartphones double as a tablet for many consumers.”

 
Read more in the full article here.

Related article:
Donald Trump explains Apple’s stock swoon – January 28, 2014

49 Comments

  1. Timing is everything. If as Trump and others say that the Chinese market must have a larger iPhone — and assuming that this is true — I think Apple has been very clever to wait until they have entered the Chinese market where there is demand for such a size.

  2. Oh my Donaldo! From climate change denial to birther advocate and now to selling your Apple stock. Is there no end to your capacity to generate a veritable firestorm of stupidity?

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