Lowered iphone x shipment projections for the next quarter. Sales have declined. The iphones high price and a lack of groundbreaking innovations. We talked to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. There was a fear if they got too close to samsungs highend smartphone. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products that have very similar features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writing earlier today, that has not been enough. Cory a big part of the apple isategy of the phones drumming up the marketplace with potentially new applications that we have not seen. The phone could do really cool face recognition stuff. It has interesting features that other phones did not have, but there are not really any uses for them yet. Alex apple is very secretive about what they
But first, apple analysts have lowered iphone x shipment projections for the next quarter citing weak demand late in the , holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now which have a better price point than what apple is able to offer but have similar very , similar features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writi
Lowered iphone x shipment projections for the next quarter, citing weak demand late in the holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now, which have a better price point than what apple is able to offer, but have similar very features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writing earlier today, that has not been enou
Almost every day these Large Companies continue to beat expectations and their stocks hit new highs. Some of the things that stuck out to me today, transports came off. Theyve had this incredeible run this week, they took a break u. S. Stocks did well s p up 4 this week, but International Cons to outperform the all country world is up 1. 7 on the week and the eem is up 2. 6. Hang sang, new high new highs in staples, which is an area no one is talking about this week then the big stuff. Intel is is breaking an 18year high september of 2000 is the last time they broke these levels there is no resistance netflix went up 23 this week, which people are pointing out saying thats crazy. We looked. Its done that eight times now gone up a quarter of its market value in five days eight times usually from the decline after earnings and then amazon, the sore thumb is apple down 4 this week and the month is not over yet, but if this were to go out, that is a pretty ugly topping, so i think thats so
The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of