“Taiwan’s exports grew faster in July, as electronics brands increased production ahead of new releases and the global economic recovery continued,” Fanny Liu reports for MarketWatch.
“Economists expect the next-generation iPhones and other hand-held devices slated for release in the second half of the year will continue to boost overseas sales of Taiwanese component manufacturers,” Liu reports. “However there is concern that Taiwan exports could fall back to very low growth when the releases are over toward the end of this year.”
“Taiwan shipped $26.77 billion of goods abroad in July. That was a 5.8% increase from the same month last year and a sharp improvement from a 1.2% rise in June. Exports of microprocessors–a major export item–totaled $6.22 billion in July, the highest monthly record,” Liu reports. “Electronic manufacturers in Taiwan are supplying components such as microprocessors and camera lenses to tech behemoths including Apple Inc. The Wall Street Journal reported earlier this week that the Cupertino, Calif., company plans to launch the next-generation iPhones early next month, and final assembling of the phones will likely kick off soon.”
Read more in the full article here.
Apple can lift an entire country’s exports and they still hold AAPL in place under $100 while the big players get their shares before the September 9th coming out party.
Oh the shock. Again.
For a person named jersey Trader, you don’t understand economics much, do you?