Apple’s recent “stock price drop was, in part, triggered by rumors, not confirmed, that some supply chain vendors had reported cutbacks in orders from Apple. Unfortunately media and financial analysts have poor memories, and thus didn’t recall the last time this happened, in late 2012, weeks after the release of the iPhone 5s,” Gene Steinberg writes for The Tech Night Owl. “That, by the way, was perceived as a failure by some, and its little brother, the iPhone 5c was labeled a dud. Only there’s no evidence that either failed to meet or exceed Apple’s sales expectations.”
“Now in recent days there have been a few juicy tidbits that serve as a reality check for the latest supply chain scuttlebutt. One is the report that sales of non-Android smartphones in China are way up, to the tune of 33%. Since most of those smartphones are built by Apple, you can see that stories of a sales slowdown don’t quite wash,” Steinberg writes. “That’s just one set of numbers. The other is a report of record earnings by Taiwan Semiconductor Manufacturing Co., or TSMC. This is one of the key chip fabs used by Apple to build A-9 series processors. So if sales of competing products are essentially moribund, where’s all that action coming from anyway?”
“Kudos to AppleInsider’s Daniel Eran Dilger for actually doing the legwork to come up with these reports,” Steinberg writes. “You wonder why so-called tech or mainstream reported from the big media companies aren’t publishing this information.”
Read more in the full article here.
MacDailyNews Take: Eventually, the truth always wins out.
SEE ALSO:
Apple supplier TSMC reports record earnings, casting further doubt on ‘Peak iPhone’ concern – January 14, 2016
Apple iPhone sales surged about 33 percent in China in Q4 2015 – January 13, 2016
Apple supplier TSMC raises capex, expects global smartphone shipments to expand – January 14, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 5, 2016
A lie can get halfway around the world before truth can get its pants on.
~Paraphrased probable Mark Twain quote
Falsehood flies, and the Truth comes limping after it
– 1710, Jonathan Swift, ‘The Examiner’
Apparently, the phrase evolved from there.
A Lie Can Travel Halfway Around the World While the Truth Is Putting On Its Shoes @Quote Investigator
…and how does that improve Apple’s stock value?
Financial reporting is like other reporting – superficial, mostly sound bites, designed to scare the heck out of people so they stay tuned in.
When you have an economy run for 8 years by a guy who loves communism and detests America and free market economics, you are going to have bad things happen in the economy, everyone will get poorer (except the Ruling Class), affording health care will be a luxury not available to most, and huge numbers will be unemployed. An even greater number will decide their neighbor should pay all their bills.
When anonymous, highly biased, and cretinous individuals named kent post on MDN, you know that bad things are going to happen.
Mel – you are clearly a guy who like the government to command everything. In other words, a good Democrat puppy dog. Now, go to hell, asshole.
Kent, when pretty much every other work out of your text is personal bile and NO supporting info is supplied, we have to consider you, just a whining kid living in moms basement and just mad at the world.
Especially when the posts you do have NOTHING to do with the comments at hand. Just saying.
King Mel’s an insulting fool in love with socialism.
Kent has nailed it!
Dear kent/citizen,
This is Mac Daily News, perhaps you meant to post on Fox? This blog is about all things Apple, not politics, and in particular, American politics. This blog is read by people from all over the world who don’t care about US politics. It is also read by people who know the difference between socialism and communism, and that nothing about America smacks of either of these political ideologies. You add nothing and take a great deal away from the conversation.
Please, confine your remarks to the subject at hand. I wish MDN’s moderators would exercise their right to censor irrelevant posts like yours, and many other regular posters like “2014 then 2016” or whatever the hell his name is.
MDN, you have the power, and the responsibility, to root these cretins out, why don’t you use it?
Cheers!
dmz
DMZ – Perhaps you would like to get fornicated.
Kent / citizen / strange person posting.
When your only reply to a well worded comment is not fact but just file words that you have to look up in a dictionary, well, I think your moms calling you. Time for your meds.
Just a thought. 🙁
The idiot brigades are winning while loyal Apple shareholders are losing. As long as gonad-less investors are willing to believe the lies, the stock is going nowhere. Even though Apple did less than nothing in 2015, it’s still getting hit as hard as any of the biggest 2015 share gainers. What we have here is a dead shark of an investment. When the market rebounds next week, the big gainers will make big gains again and Apple will barely recover its losses.
So what if Apple’s losses are created by lies? All that proves is the people who owned Apple are nothing but wusses who throw away their stock over rumors and speculation. What good is a company that doesn’t instill confidence in investors to the point they’ll believe any negative rumors? There’s no way I’m going to sell my Apple stock or any stock based on unconfirmed articles coming from China or some other country after I’ve been told by the company’s CEO I can’t rely on that sort of information. Apple stock owners are really a pathetic bunch scared of every little thing. Apple isn’t Walmart or Sears. Not even close.
Barack Obama just said this “recovery” is the best in the history of the nation. He says things are great. We should all be happy. He has produced nirvana almost after 6 years of hope and change.
Well, the economic collapse was perhaps the second worst in the history of this nation. One would expect a fairly decent recovery. But there were extremely challenging circumstances to overcome. The interest rate was already near zero, so economic stimulus via reduced interest rates was not an option. Deficits were already nearing a trillion dollars and rising, making government spending stimulus very difficult. The financial markets were locked up with lenders unwilling to take any chances (after taking far too many risks for years). The unemployment rate was skyrocketing and far too many people were losing their homes. The the U.S. was stuck in two major and protracted wars with no end in sight. People were detained by the U.S. In Cuba to avoid following the laws of our country and, against all that is moral, tortured by the U.S. That is just a sample of the challenges that Obama faced entering his first term as President.
You have the right to disapprove of Obama. I would be the first to admit that there are areas of his performance in which I have been disappointed. But your pathological and polarizing hatred is the major problem with the politics of this country. You are so stove piped in your rightist rhetoric that you and your ilk are not willing to agree with *anything* that Obama says or does, even when it is clearly right and good. He can support something that Republicans advocated last week and it would suddenly become anathema. The U.S. Congress is acting on this same mindset, which is why our legislative system is gridlocked and has been for years.
So, kent, your words mean nothing. Your opinions mean nothing. And I sincerely wish that you would either get a clue on life or go somewhere else to peddle your drivel…because it is just a stinking pile of bullshit.
Aaaaaaaaaaah! Gridlock is a citizens’ paradise!! Send the spenders back home with pay so they can’t do any more damage!
Great post, KingMel.
Obama promised to reduced the deficit by half during his first term. He has doubled it instead to $20 trillion dollars. He promised Obamacare would save everyone roughly $2500 per year and we could all keep our plans. Everything he says is a lie. And you like the lying tyrant. Well you also get to live in the Obama economy which is now in recovery mode wiping out a huge percentage of every American’s life savings while what is left is going to pay for mandated health insurance that never pays a dime for health care because the deductibles are over $10 grand a year. You liberals should be sent to another country. You hate America so just leave.
kent, there is no fundamental difference in overall fiscal spending between either corrupt political party. Give it a rest. Health care is more expensive than ever because technology is greater than ever and everyone wants the ultimate Cadillac care. That’s why rates keep jumping up — the ACA was just another of many excuses for insurance companies to screw the customer, which has been par for the course for as long as there have been insurance companies. In this form of legalized gambling, like the stock market or investment banking, the house almost never loses.
You’re getting your numbers all mixed up. GWB left the deficit, which AS IS ALMOST ALWAYS THE CASE, costs more for the inheritor to fix than the predecessor claims to have spent while in office. Like it or not, Paulson & Bernake & friends actually were successful in preventing the USA from becoming a financial black hole worse off than China or Europe. They of course made sure their friends at Goldman Sachs got off with no real penalties for their malfeasance, but they did save the country millions of jobs to avoid another great depression like what gripped the country in the early 1930’s. Listen to your grandmother if you think your terrible government is making it too hard on you today. You and I have no idea what a true depression is like.
Now since you care so much about debts, please explain to us all why your party hasn’t passed any tax reform or debt reduction measures despite substantial majorities in Congress? Not a single candidate besides Sanders seems to care about finances. Instead you’ve got the right wing spreading the fear that some idiots with stones and leftover russian small arms and suicide vests are going to invade America (notwithstanding the reality that most murderous maniacs are homegrown). Seriously, I think the police departments are already handling the risks just fine. We have never, and will never, live in a world of zero risk. So let’s not bankrupt ourselves behind a Great Wall and piles of armaments in a stupid attempt to enclave ourselves. Open borders and trade make for peace — not Trumpian bluster and arrogance.
your last two sentences reek of fascism that would make Cruz proud. But you fail to see that in a democratic republic, flawed as the USA is, the majority eventually hold sway. you will never, ever, ever, get your way if your only bargaining position is to tell the other side to decamp. Get a clue.
So if you don’t like the sweetheart deal the democrats made with the for-profit insurance companies, you need to work to build consensus behind a better idea. instead your right-wingers have spent over 2 years wasting taxpayer money voting on foolhardy half-assed attempts to repeal the ACA when they all knew full well that the majority of Congress and the vast majority of people PREFER the ACA over the prior system where the uninsured were treated in emergency rooms at everyone’s expense rather than getting basic insurance that would ensure that at least the intelligent people would seek preventative healthcare.
The republicans have proven that they can’t pass bills through their own party majority in Congress, and the idiots running for president are amongst the least accomplished and intelligent people in the fragmented party. There is no Eisenhower or Teddy Roosevelt or Lincoln left in the Republican party. Conversely, Clinton is just a Wall Street shill who simply turns whatever republicans say 180 degrees and fires it back at them. Yippee, that’s not leadership, that’s ineffective partisan gridlock.
The only honest candidate for president is the one who can’t be bought: Bernie Sanders. If you drop the stupid labels, you’ll see that his positions not only make sense, they are overall very centrist and/or libertarian.
But you know that Apple and Google and the rest of California nuts will be backing the democratic party no matter what, with overwhelming cash and resources to again overcome all opposition. So I guess the independents and the right wingers will just have to hold their noses again for another 8, no, 16 years.
Current Apple stock owners are NOT a pathetic bunch… the FORMER owners / sellers are.
Kent and Malificent 13 are founding members of the “idiots brigade” along the j morrison and other trolls.
Could you be kind enough to explain why you waste time on this board?
You will enlighten many of us if you do !
I’m not at all sure that this action is caused by Hedge fund’s who have big positions in Apple, shorting the stock, selling their shares to drive the price down, and will then repurchase at the bottom and ride the wave back up. They make money both ways.
Is or isn’t?
Who cares about the truth, when there’s money to be made in a big short.
Scumbags
1-33% increas in none android phones in china..
2-TSMC beats the estimate… Most profitable year.
3-Apple releases data on record breaking holiday season app store revenue
All of the above are facts.
Everything else we have heard that has hammeted the stiock is a rumor, speculation or Fud.
How come there are no articles or headlines On the above 3 flooding the media ?
Investors INVEST in a company based on the strength of a company and on it doing what is right. They look long term, knowing that things go up and down.
Speculators bet on a company stock going up or down and have NO INTEREST in the functioning of a company or if it even continues to exist. The money made in the shortest possible time is the ONLY thing that matters.
I invest in Apple. I also speculate with a few dollars buying when it dips low and selling when I think it hits a high. So far I have never lost money in Apple, but then again, I never sell for less than I paid for a stock. Just saying.
Hope that helps make sense.
This board needs to have an active moderator. It is becoming just too much hassle to wade thru the foaming crazies.