“Michael Blair, a Seeking Alpha contributor and long-time bear on the shares, wrote about the 10 million iPhones 6s that Apple sold in the first three days,” Chuck Jones writes for Seeking Alpha. “While his article contained some correct information it also incorrectly represented a chart that I used in a Forbes.com post (I believe it was my September 22 article or it could have been my September 23 article on Apple not filing an 8-K but am not sure since he did not link to it) along with a number of other items about Apple and its management.”
“Blair wrote ”Units shipped’ means just that, units shipped, not necessarily sold to end users,'” Jones writes. “He is correct that units shipped are not sales to end users but Apple doesn’t report units shipped, it reports sales. Note that almost all the other smartphone vendors talk shipments and not sales, which are not as solid as sales.”
“It is true that Apple does count units that it has shipped to carriers as sales but this would only be a concern if you thought that the units that were sent to the carriers would not be sold and returned to Apple or sold for discounted prices,” Jones writes. “Matt Lew wrote a great piece on when iPhone units are counted as sales which you can read via this link.”
Read more in the full article here.
MacDailyNews Take: This is wholly unsurprising because Michael Blair is a feckless John C. Dvorak wannabe whom we routinely ignore since his “thought” processes and profligate hit-whoring make Dvorak seem like the Hawaiian-shirted offspring of Albert Einstein and Mother Theresa.
Apple’s first weekend iPhone 6/Plus sales top 10 million, set new record – September 22, 2014
Apple sets new record: First day preorders for 64-bit iPhone 6/Plus top four million units – September 15, 2014