PMI is a private survey not a government number.
Anecdotal for sure but all my middle and upper middle class extended family/relatives in China (50+ppl) use iPhone. Despite all the news, none have switched to other brands. In fact, many of them got new iPhones for Christmas/birthdays lately.
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Are they all in the US? US sales were good. China was the big issue.
They live in China.
[For the most part, my relatives here in the U.S. use iPhone as well ( another 50+ ppl).]
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US sales are good? So good that they have to run promotions? We will see.
There are different versions of PMI. The one that just came out yesterday was from Chinese government.
Appleâs strategy to keep pushing out more and more expensive phones is clearly unsustainable. Itâs not a surprise it first ran out of gas in EMâs.
Chinaâs economy is slowing down, just like US economy is slowing down. No matter how you spin it itâs hard to argue apple falling 8% is a win for the trade war.
Nobody wins in a trade war.
American hillbillies.
LOL: Trump wins as he will make this big issue in elections! 
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Apple is a great company with amazing tech particularly in its chip division. Itâs simply the best on the planet. But it will continue to face headwind in the medium term. No matter how Tim Cook wants you to believe service will rescue Apple, donât believe him. It wonât. Appleâs destiny is in making insanely great products. So maybe a better time to buy in is when a new blockbuster product comes in. I think the AR glasses will be the next one? Itâs perfect target made for apple. Only apple has the hardware, software and privacy reputations to pull it off.
Did you read the full statement? They literally hit targets everywhere except China.
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Good time to increase positions in the A-letter stocks.
You understand hitting targets is not the same as being good?
They did what they said they were going to do. The revenue, GM, and profit are pretty high. I doubt anyone will report higher numbers across all 3 metrics. So yeah, being best in the world sucks.
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Ok, crystal clear now???
I read an article a few years ago saying Apple was done. I believe it was written by an engineer, and it was based on the fact that the camera on the latest Iphone wasnât flat with the back of the phone, but stuck out a little bit. He argued that would have never happened at the old Apple under Jobs, and that the company was not the same anymore. Somehow that article got stuck in my head
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Look at the excel, there is a reduction 4B in revenue, but EPS is same at 3.93 (using buyback).
Last year price was $164 and now it turned to $146, still attractive price with EPS.
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Trade wars are good and easy to win. MAGA!
My wife asked me a while back, while we were in an apple store looking at laptops, why is MacBook Air heavier than just MacBook? I didnât have any good answer and still donât have one.
Tim Cook keeps saying all apple products can fit on one single table. It better be a 20 feet long table because its lineup is a mess.
Asian markets are not too bad right now. Xiaomi and Samsung only down 1 to 2%. Qualcomm was down 2% in AH. The component makers traded in HK are down around 2% as well.
Are we sure the Chinese smartphone market has melted down? How come all the other manufactures seem to be pretty calm?
Was in Taiwan a few weeks back. The manufacturers I met all kind of indicated that the smartphone market has slowed down, but no one said it was at deaths door. (this was general gossiping with them as I am not in the smartphone biz but my biz gets impacted by component shortages from other industries)
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