Apple’s iPhone 6/Plus may miss China this year, stock price drops

“Apple’s shares slumped 2% to $99.67 in early Tuesday trade after reports emerged that the new iPhone 6 may not hit store shelves in China this year,” Jennifer Booton reports for MarketWatch.

“The China-based newspaper 21st Century Business Herald, citing a source close to the company,” Booton reports, “said that Apple failed to reach an agreement with the country’s Ministry of Industry and Information Technology this month, which might push back an agreement until next year.”

Read more in the full article here.

MacDailyNews Take: Ooh, the Chinese state-owned 21st Century Business Herald? Did they report that a Windows 8 glitch postponed a North Korean missile test again, too?

The day a “news” item from the state-owned 21st Century Business Herald causes us to buy or sell securities is the day we switch to Windows.

17 Comments

    1. A lesson in cause and effect. This is about a huge IPO and the need to sell good stock to fund a crap IPO that the markets in China would not except. So, the Alibaba IPO will now be done on Wall Street.

      Idiots!

  1. Apple will have no problem selling as many iPhone 6 models as they can get made by the end of the year to the rest of the world. Then when the Chinese finally allow the iPhone 6 to be sold in China, Apple will have already dealt with the initial demand elsewhere in the world and will be better able to deal with the pent-up demand in China.

    Don’t forget that the Chinese New Year happens nearly two months after Christmas, so delaying the Chinese launch could work very much in Apple’s favour as the iPhones that would have gone to China can be re-allocated elsewhere for the rest of this year and then after Christmas, a greater proportion of the manufacturing output can be devoted to the Chinese market.

  2. Yep. This is a brilliant move, all positive. Something tells me that once the production lines are optimized next year that there won’t be any mysterious delays in China for the launch of iPhone 6s.

  3. All we have to do now is listen to anybody we have never heard of before claim the sky is falling and we react. The markets are a fickle place and any idiot can be king for the trading session once. Scream “FIRE!” in a theatre tomorrow and watch the flock scatter.

  4. WORTH NOTING: Earlier this year, the Wall Street Journal outing the Chinese business ess newspaper 21st Century Business Herald, cited in the article above, as threatening technology companies who did not sign large advertising contracts with the paper that they would run negative stories about those businesses.

    That’s a serious charge, and infers that the 21st Century Business Herald considers the threat of smear and slander to be a legitimate tactic. In my observation, it’s a dangerous and questionable move.

    It might be one thing to pull this on a smaller company. But if true, and the paper pulled this on Apple, with huge relationships with giants like China Mobile, it could backfire badly for the paper, as well it should.

    The only other thought that I had was whether the Chinese Communist Party was playing hardball. It would not be the first time. If so, that would be puzzling, because much of the success of the China’s economic rise has been built on being a country with few restrictions to doing business.

    That is why the Wall Street Journal article might be right. Corruption is still an accepted practice in China. Until that is addressed by the Chinese government, it will be a hindrance, not a help to the country’s assumption of world leadership. In this case, I suspect the 21st Century Business Herald has overstepped badly, and in the end could pay a price for its foolish act.

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