“Halfway through the last quarter, supply chain rumors of iPhone production cuts — purportedly ’30 percent’ of some unknown number — snowballed into an abominable snow-boogeyman of conjecture that claimed the end to iPhone growth was nigh and speculated about a downhill implosion of Apple’s sales overall, an embarrassing lack of interest in Apple’s newest iPhone 6s and a rapid evaporation of the world’s most valuable company,” Daniel Eran Dilger writes for AppleInsider. “They were wrong.”
“Impressed by some unsubstantiated supply chain rumors and supplier profitability concerns, a series of ostensibly legitimate media outlets began suggesting that Apple’s March fiscal Q2 could see something like a 30 percent drop in iPhone sales, and that Apple likely wouldn’t even be able to meet its guidance for the December quarter, resulting in a “Peak iPhone” milestone marking the date where Apple’s iPhone sales would never again grow, for the first time in the illustrious eight year run of Apple’s smartphone,” Dilger writes. “However, everything about these predictions were wrong. Not just “wrong” as in dramatically exaggerated, but wrong as in fundamentally incorrect, myopically ignorant and distractingly deceptive.”
Dilger writes, “In Apple’s fiscal Q1 earnings call, its chief executive Tim Cook outlined what was really happening, although it appears many journalists would prefer to continue believing the incorrect story they made up on their own.”
Read more in the full article here.
MacDailyNews Take: Well, Daniel, how else are the crooked analysts going to foment AAPL churn in order to gin up commissions if they don’t lie about Apple by pretending to misread so-called “data” while feigning “concern?”
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