“China shipments of smartphones from Apple Inc., Microsoft Corp. and other makers that don’t use the Android operating system rose by about 33 percent in the final quarter of last year, according to government and analyst data, indicating strong sales for the iPhone in its largest market outside the U.S.,” Shai Oster reports for Bloomberg.
“About 24.3 million smartphones not powered by Google Inc.’s software shipped within China between October and December, according to data provided by the China Academy of Telecommunication Research, a research arm of the Ministry of Industry and Information Technology,” Oster reports. “That total, the vast majority of which would be comprised of iPhones, increased by a third from the same period a year earlier, Marbridge Consulting said in an e-mail. ‘This would be a surprise,’ Alberto Moel, an analyst for Sanford C Bernstein in Hong Kong, said in an e-mail. ‘Consensus is not pricing in any major blowout in Q4 for Apple, so this would be counter to the current investor sentiment.'”
MacDailyNews Take: Gee, no, really? How this ever be so? Absolutely shocking.
Time for the narrative change. Did you get in?
“Apple shares finished below $100 for the first time in over a year on Jan. 8 after analysts, including UBS and RBC Capital Markets, lowered their estimates for iPhone sales”,” Oster reports. “Apple, which gets the majority of its revenue from the iPhone, reports financial results for the holiday quarter on Jan. 26. The Cupertino, California-based company is predicting record revenue, partly because of strong Chinese demand.”
Read more in the full article here.
MacDailyNews Take: The fix for the fix is in.
Wall Street is a game. Play it well via unwritten rules ignored by blind officials or simply observe the resultant melee from the safety of the sidelines.
SEE ALSO:
Mizuho ups to Apple to buy; says selling Apple has become crowded trade – January 11, 2016
Technical trader: Apple is in a ‘disastrous’ situation; ‘on the verge of a major breakdown’ – January 11, 2016
One sign that Apple may have bottomed – January 8, 2016
Apple: Analysts’ price targets are tumbling – January 8, 2016
Udall: Apple’s cash flow undervaluation is ‘f’ing absurd’ – January 8, 2016
Morningstar: Apple sell-off looks overdone – January 8, 2016
Real world iPhone 6s adoption data contradicts Apple analysts’ so-called ‘supplier channel checks’ – January 7, 2016
Top-rated analyst: Apple’s iPhone business is healthy – January 7, 2016
Apple falls for third day as so-called ‘iPhone woes’ trim $40 billion in value – January 7, 2016
Apple stock price tumbles 3% in premarket, now trades well below $100 – January 7, 2016
Apple stock slumps near $100 amid ‘iPhone sales worries’ – January 6, 2016
Wall Street’s freak out over declining iPhone sales is overblown – January 6, 2016
Piper Jaffray: Apple’s iPhone production cut do not necessarily presage sales decline – January 6, 2016
Foxconn plans ‘rare’ holiday as iPhone output fears rattle investors – January 6, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 5, 2016
Got in yesterday at $99. Question is what is the magic number to unload some shares before the inevitable “dump” phase of “pump and dump” starts again?
One is tempted to say when the “anal-ysts start their BS again.”
You don’t say…!!!???
Now what percent was Apple vs Microsoft vs Blackberry? Hmmmm. I wonder.
Why is it we never hear after the consistently proven wrong fact from the anal-cysts “Well whattayah know, I was COMPLETELY wrong & had monkeys flying out of my butt about Apple.”
‘Consensus’ a word that has a thousand uses not the least of which is to cover up one’s own deficiancies.
I would love to say that the stock will go up to $130 again. Last time it did I sold 1/4 of my shares and waited till it went down to ~$124 and bought back again. Increased my total holdings by ~1-2% in a week. Risky but gained roughly the same amount as the annual dividend yield.
This time the gain if you buy in will be a lot higher. To get a good bounce on the stock the market has to finally get it. Maybe the blow out China numbers will be it.
Buy buy buy buy.
iPhones made up a vast majority of 24.3M non-Android units sold in China, up 33% the same quarter vs a year ago. To put this in perspective, according to the article link below Android units were 81% of sales for the same quarter down 1.5% for the same quarter last year.. iPhone still has a lot to catch up to do.. http://myinforms.com/en/a/21779974-apple-inc-nasdaqaapls-iphone-sales-in-china-may-have-jumped-33-in-4q/