“China has been weighing heavily on Apple lately — at least in the minds of the financial press,” Philip Elmer-DeWitt writes for Fortune.
“With the iPhone sliding into third place in China, the Shanghai Index falling 26% in six weeks, and December’s tough compare looming, things must look pretty bleak to the algorithms that just pushed Apple’s share price into correction territory,” P.E.D. writes. “Apple PR has so far declined to comment on any of this. And why should they? The company’s CEO, and resident China expert, has already said his piece.”
I think China is a fantastic geography with an incredible unprecedented level of opportunity there. — Apple CEO Tim Cook
Cook’s full quote in the full article here.
MacDailyNews Take: No, Apple is the opposite of doomed in China.
The annual “let’s scare mom and pop out of AAPL and make some free money” bullshit train is chugging along. Either profit from it or sit back and enjoy it, just don’t believe a word of it.
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