“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.”
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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.
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