“Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it would raise capital expenditure by at least 10 percent from 2015’s four-year low, partly driven by growth in the global smartphone market,” J.R. Wu reports for Reuters.
“The world’s biggest contract chipmaker estimated 2016 capex of $9 billion to $10 billion and said it expects global smartphone shipments to expand 8 percent,” Wu reports. “Demand for high-end smartphones has started the year weak, while in other segments there are already signs of upward demand momentum in emerging markets including China, the world’s biggest for smartphones, TSMC said.”
Wu reports, “‘Last year was a difficult year,’ Chairman Morris Chang said at the chipmaker’s quarterly earnings conference. ‘2016 I think will be better than 2015. We are mildly optimistic.'”
Read more in the full article here.
MacDailyNews Take: YKBAID.
[Thanks to MacDailyNews Reader “Jax44” for the heads up.]
When idiots predict, idiots listen.
Question is when do idiots mattter????
Never.
Problem is that most of the idiots are in charge of everyone’s mutual funds.
To be honest, I don’t think they are idiots since they know exactly what they are doing. The issue is that it isn’t to make money for the investors, it is to make money for those who work in the market.
True.. But still a ton of idiots among them…
and I thought Apple was doomed.
You don’t quite see the full story. It has become a very predictable routine and you can see the same thing happening time and time again.
Apple is declared to be doomed for just over two months of every quarter, but then just before Apple is about to announce it’s quarterly financial report, Apple is suddenly declared to have done incredibly well and the expectations are drastically altered upwards in anticipation of a truly astonishing quarter.
Then when Apple announces it’s financial results, the iPhone sales are substantially above the figures that Apple forecast and of course massively above the figures previously suggested by those who check the supply chain. However the sales are marginally below the magic figure that some analysts conjured up a week before the results. Those same analysts then claim that Apple has failed so therefore Apple is doomed.