JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 13, 2013 19:53:54 GMT -8
It's also a regulated market, one which perversely punishes those leaking truthful information, while giving those who purvey false information an advantage. A great argument against making insider trading illegal. BTW, I thought insider trading was illegal? (Martha Stewart ring a bell) The media is free to run amok without fear of retaliation. Yes, which has led to a perverse reality of publicly-traded companies being scared to let the truth get out, while the FUDsters can troll with impunity. Typical government regulation, not just ineffectual, but often making matters worse.
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Post by mbeauch on Jan 13, 2013 19:55:46 GMT -8
After looking across all the news wires, this story is everywhere. Nikkei.com looks to be the original source. I do not know their reliability. Every quarter there is an outrageous production story. I will never forget that Cleveland Research report. I can't get that 65 million number out of my head. That is as ridiculous as the story itself.
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Post by sponge on Jan 13, 2013 20:06:59 GMT -8
This is what I get for being wrapped up in a bridal convention the whole weekend. I didn't see this when first posted, but Saylor is absolutely spot on. Gregg You need to watch more of his videos. This guy is highly educated with two degrees from MIT. His company which he founded and is the CEO of Microstrategy is worth about $1 billion. I am starting to read his book. He sees the future like SJ and he also sees Apple as a big part of it.
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Deleted
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Post by Deleted on Jan 13, 2013 20:14:26 GMT -8
We get these reports every 45 days. They mean nothing as most of these reports reflect nothing more than seasonal adjustments to demand.
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Post by mbeauch on Jan 13, 2013 20:17:23 GMT -8
Here is something that may catch WS by surprise, the 4/4S numbers may be higher than expected. Since the GM on these is high, I do not really care what version of phone Apple sells.
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Mav
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Post by Mav on Jan 13, 2013 20:40:47 GMT -8
FreePhone 4 will do very well in its competitive set, I think.
US futures mildly green, so they're basically neutral, for whatever that's worth with 10 hours before market open.
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Mav
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Post by Mav on Jan 13, 2013 21:03:22 GMT -8
Total BS, wouldn't Apple warn on that kind of news if true? Yeah, kind of. If Apple has an iPhone quarter in all of FY '13 that's less than 70% of its highest unit sales quarter (which should be at least around 50M units), I'll be shocked.
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Deleted
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Post by Deleted on Jan 13, 2013 21:05:05 GMT -8
wow - this "weak iPhone 5 demand" story is really blowing up, i just heard it mentioned on a local radio station.
I'm wondering if Apple will comment on it (are they even allowed to this close to earnings?).
Tomorrow could be a brutal day for AAPL...
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Mav
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Post by Mav on Jan 13, 2013 21:09:54 GMT -8
The earnings quiet period isn't a law. (IPOs are different, I guess.)
While I doubt Apple will address it, I wouldn't mind if Apple did. There was that unexpected news release about iPhone 5 sales in China after all.
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Deleted
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Post by Deleted on Jan 13, 2013 21:22:51 GMT -8
The earnings quiet period isn't a law. (IPOs are different, I guess.) While I doubt Apple will address it, I wouldn't mind if Apple did. There was that unexpected news release about iPhone 5 sales in China after all. It would be great if they just pre-announced earnings tomorrow instead - can you imagine how much that would mess up some people? UPDATE: according to various posts on stock twits, the WSJ has updated the version of their story that is behind their pay-wall, and removed the "Due to weak demand" wording.
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Mav
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Post by Mav on Jan 13, 2013 21:25:03 GMT -8
It would be great if they just pre-announced earnings tomorrow instead - can you imagine how much that would mess up some people? UPDATE: according to various posts on stock twits, the WSJ has updated the version of their story that is behind their pay-wall, and removed the "Due to weak demand" wording. Apple pre-announcing earnings is pretty much a never, except in the context of an earnings warning. As for the revised article, not that big a difference (you can Google for the article and read it that way). The half-off screen order deal is still right there in the second paragraph.
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Post by aapl4kiki on Jan 13, 2013 21:26:51 GMT -8
The earnings quiet period isn't a law. (IPOs are different, I guess.) While I doubt Apple will address it, I wouldn't mind if Apple did. There was that unexpected news release about iPhone 5 sales in China after all. It would be great if they just pre-announced earnings tomorrow instead - can you imagine how much that would mess up some people? UPDATE: according to various posts on stock twits, the WSJ has updated the version of their story that is behind their pay-wall, and removed the "Due to weak demand" wording. Doesn't really matter anymore. It'll have it's intended effect. It's all over twitter and yahoo/google news feeds.
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Post by mbeauch on Jan 13, 2013 21:27:11 GMT -8
wow - this "weak iPhone 5 demand" story is really blowing up, i just heard it mentioned on a local radio station. I'm wondering if Apple will comment on it (are they even allowed to this close to earnings?). Tomorrow could be a brutal day for AAPL... Here is the difference between Apple and Samsung. Samsung will attack on every front. Spreading demand stories to try and slow sales is just another tactic. Apple stays mum, Samsung runs free. Apple will not dirty its hands. I fully expect some analyst to come out tomorrow morning and try to calm the market.
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Mav
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Post by Mav on Jan 13, 2013 21:31:14 GMT -8
The week or two before earnings gets wilder every quarter. The new normal, unfortunately.
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Post by mbeauch on Jan 13, 2013 21:31:17 GMT -8
Doesn't really matter anymore. It'll have it's intended effect. It's all over twitter and yahoo/google news feeds. Put out the story on a Sunday night, typical. Will be tough morning. Strap in and buckle up.
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Post by fas550 on Jan 13, 2013 21:41:13 GMT -8
Do a Google search on iPhone 5 and 37 stories beginning with cuts demand. All emanating from the WSJ, just perfect. Company sources unavailable to respond to a request for comment! Well no shit, its 9:40 PST on a Sunday night. At this point I hope there are a thousand references so someone at Apple will effin say something.
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Post by alice on Jan 13, 2013 21:46:10 GMT -8
So the story is credible?
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Post by archibaldtuttle on Jan 13, 2013 21:47:19 GMT -8
Apple will respond to this story, on next Wednesday afternoon.
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Post by mbeauch on Jan 13, 2013 21:51:06 GMT -8
So the story is credible? Alice, just because it is out there does not mean it is true. We have been through this before. www.forbes.com/sites/ericsavitz/2011/11/11/apple-production-cuts-the-debate-rages-on/This reporter has his name all across the world now, his 15 minutes of fame will end with him being very wrong. Of course he is getting a nice bonus check and probably a promotion, but his credibility will soon be destroyed.
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Post by archibaldtuttle on Jan 13, 2013 22:09:24 GMT -8
I've been trying to add comments to the exponentially multiplying articles out there, but the stupid is hurting my brain. Someone is wrong on the internet! imgs.xkcd.com/comics/duty_calls.png
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mark
fire starter
Posts: 1,552
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Post by mark on Jan 13, 2013 22:10:20 GMT -8
The earnings quiet period isn't a law. (IPOs are different, I guess.) While I doubt Apple will address it, I wouldn't mind if Apple did. There was that unexpected news release about iPhone 5 sales in China after all. It would be great if they just pre-announced earnings tomorrow instead - can you imagine how much that would mess up some people? UPDATE: according to various posts on stock twits, the WSJ has updated the version of their story that is behind their pay-wall, and removed the "Due to weak demand" wording. I just checked a few seconds ago and the "weaker-than-expected demand" is still there, right in the first sentence of the article. Apple Inc. has cut its orders for components for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday.
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Post by fas550 on Jan 13, 2013 22:12:08 GMT -8
Spinning it the other way: What you mean they sold 65M phones last qtr?
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mark
fire starter
Posts: 1,552
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Post by mark on Jan 13, 2013 22:15:43 GMT -8
If there is any truth to this, then it may also mean that there were plenty of leftover iPhones from Q1 remaining to be sold in Q2. I guess we will find out next week.
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Post by applemuncher on Jan 13, 2013 22:35:46 GMT -8
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Post by rosie on Jan 13, 2013 22:43:21 GMT -8
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Post by mbeauch on Jan 13, 2013 22:49:06 GMT -8
I've been trying to add comments to the exponentially multiplying articles out there, but the stupid is hurting my brain. Someone is wrong on the internet! imgs.xkcd.com/comics/duty_calls.pngThat's not possible.
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icam
Member
Posts: 447
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Post by icam on Jan 13, 2013 23:02:30 GMT -8
Everyone knows that everything on the internet is true. I learned that on the internet.
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Post by mbeauch on Jan 13, 2013 23:05:05 GMT -8
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icam
Member
Posts: 447
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Post by icam on Jan 13, 2013 23:10:51 GMT -8
;D
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 13, 2013 23:30:50 GMT -8
And I am a French model. ;D
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