Seeking Alpha

China Mobile receives 1.2M iPhone pre-orders

  • China Mobile (CHL) received 1.2M pre-orders for iPhone devices by Monday, indicating the level of demand for the product ahead of its sales launch by the carrier on Friday.
  • Speaking in China, Apple (AAPL) CEO Tim Cook said that even without an official agreement with China Mobile, iPhone sales hit a record high in Greater China in Apple's FQ1. In FQ4, it generated revenue of $5.73B.
  • The firms expect the iPhone deal between the companies to lead to broader co-operation. "There are lots more things our companies can do together," Cook said.
Comments (66)
  • consultnick
    , contributor
    Comments (184) | Send Message
     
    Good news! Guess we should immediately prepare for "stock punishment", expecting AAPL to react within character. This will only produce more tons of cash, and we know that cash is bad, therefore--time to sell. Or maybe not enough cash, therefore--time to sell. We already know that IPhone 5's are assembled by naked Chinese prisoners standing in cold water 20 hours a day, fed once a day from the carcasses of executed workers. We also know that sales figures are all lies, unless they refer to non-Apple products, in which case they are vastly under-reported. So what's new....a better buying opportunity awaits below $100/share....there is plenty of time to wait.
    15 Jan, 04:53 AM Reply Like
  • Drew9944
    , contributor
    Comments (128) | Send Message
     
    And we know Amazon is ready to sell plastic cased products at cost, and Amazon doesn't need to earn profits or heck even positive cash flow. Its Pos. Cash Flow since it went public in 1996 is a Grand Total of $5 billion. I'm surprised Sears and Macys and JC Penney and tons other stores don't get together and make a Competitor to Amazon, since Amazon's so thinly capitalized AND treading on thin ice anyone with $10 billion could set up a new national scaled competitor to them.
    15 Jan, 05:04 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11067) | Send Message
     
    Haha, actually it's just news. I don't find it significant or clear enough to call it one way or another. Last I heard China Mobile is suppose to sell 9-12 million down from 20-30 million. So the one million isn't so significant or great.

     

    We need to see if this is retail store orders or actual customer orders, if it's paid for or just reserved, if it's the high end model that is in scarcity or the junky ones no one in the US wants, etc. This information without details means nothing. However, someone will try to make it tradable news just like they try to make a change in unemployment claims of 20k news even though the margin of error well exceeds that and it is almost always corrected by 20k or more later.
    15 Jan, 06:48 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    It is reservations to buy at retail price the IPhone 5s. Last week, the local Cn Mobile store gave me a receipt for the reservation without price of unit nor without reservation deposit. So I assume I am one of those 1.2 million.
    15 Jan, 08:20 AM Reply Like
  • pagreen1966
    , contributor
    Comments (587) | Send Message
     
    I assume the sensible money will be waiting for the earnings report in a few days time. If it is a blowout quarter for (AAPL) like it was in January 2012 then the stock will move significantly higher over the next few weeks!
    15 Jan, 08:23 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    I think its news that 1.2 million units were shipped and that Cook and CM are discussing other ways to work together -- like selling iPads. And that Cook said that Apple sales hit a record in fiscal Q1 WITHOUT a CM deal and that 57% of all mobile browsing in China is already done on an iOS device. Those are HUGELY POSITIVE data points. After the CM rollout the stats will most likely resemble the global stats which have 70% of all global mobile browsing being done on an iOS device and 85% of all global mobile commerce being done on an iOS device.
    15 Jan, 10:47 AM Reply Like
  • racchole
    , contributor
    Comments (319) | Send Message
     
    I am sorry to hear that you have no concept of brilliance, or what an individual human brings to the table (see Jeff Bezos).
    15 Jan, 11:31 AM Reply Like
  • sonicted
    , contributor
    Comments (92) | Send Message
     
    I thought pre-orders were only 100,000 as per some analyst. Just the same old load of bs.
    15 Jan, 05:14 AM Reply Like
  • nguyenvanphuoc
    , contributor
    Comments (373) | Send Message
     
    "I thought pre-orders were only 100,000 as per some analyst. Just the same old load of bs. "

     

    Yeah, the other 1.1 million were just "channel fill".
    15 Jan, 05:51 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    @nguyen: did you mean the other 1.19 million??
    15 Jan, 09:04 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    stupid me: yes, it's 1.1 million.
    15 Jan, 09:39 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    It was Cleveland Research. They are looking pretty silly today.
    15 Jan, 10:50 AM Reply Like
  • UnStopaBull!
    , contributor
    Comments (172) | Send Message
     
    A little more on the subject from the WSJ

     

    By Paul Mozur

     

    BEIJING -- Apple Inc.'s deal with China Mobile Ltd. to sell iPhones won't be limited to handsets, but will also entail broad cooperation between the two companies, the chairman of the world's largest carrier said Wednesday.

     

    China Mobile (CHL) Chairman Xi Guohua said that already multi-millions of Apple's iPhones have been ordered by its customers, signaling strong demand for the device. Apple's (AAPL) iPhones will begin selling at China Mobile, the world's largest carrier by subscribers, starting Friday.

     

    Speaking in a small media briefing to Chinese media and The Wall Street Journal, Apple Chief Executive Tim Cook said he is "incredibly optimistic" about the outcome of the cooperation with the Chinese carrier.

     

    "We've gotten to know each other....today is a beginning, and I think there are lots more things our companies can do together in the future," Cook said.

     

    The new cooperation with China Mobile is the last piece of the puzzle for Apple in the country, officially making the iPhones available through all three of China's state-run telecom carriers. Though neither Apple nor China Mobile would comment on the exact terms of the deal, Apple is likely to get a considerable bump from China Mobile, which analysts expect to spend generously on marketing and handset subsidies to sell the iPhones.

     

    The cooperation also massively expands the reach of Apple's sales channels in China, making the iPhones available in China Mobile's thousands of stores that range across the country from large cities to tiny hamlets.

     

    (An expanded version of this story appears at WSJ:com
    15 Jan, 05:30 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    UnStop,
    >>The cooperation also massively expands the reach of Apple's sales channels in China, making the iPhones available in China Mobile's thousands of stores that range across the country from large cities to tiny hamlets.<<

     

    That is a bigger deal than many realize.

     

    Cook also said, "Last quarter, we haven’t announced numbers, but I can tell you that last quarter we sold more iPhones in Greater China than at any time in our past. And so it was a record quarter,"

     

    This is big, too. First, I don't think Cook would have brought it up unless it was a big beat, as that would be very anti-climactic. Second, remember that some of the analysts (Wedge is one) have been saying that China Mobile was already selling a ton through the gray market and we would only 1MM more iPhones sold for '14 as a result. The fact that the rumors were flying for all of December would likely have caused China Mobile customers to quit the gray market and wait a few weeks on the real deal. So, if Apple blew out the 1Q Greater China sales, that was with little help from China Mobile and indicative of a very, very strong '14! GLTA.
    15 Jan, 07:57 AM Reply Like
  • 2ng
    , contributor
    Comments (88) | Send Message
     
    I think this obviously derives on a sell rating due to erotic reasons
    15 Jan, 05:50 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    can't get to $600 fast enough. I want to unload these and be done with aapl for good
    15 Jan, 06:24 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7968) | Send Message
     
    Now, there's an investment thesis!
    15 Jan, 06:32 AM Reply Like
  • Alex123456789
    , contributor
    Comments (122) | Send Message
     
    @pman6
    ahahah :) i'll be done on friday, last options expiring on 17th. Agree with you, i thought we would be there by Christmas. very weird price action after new-year.

     

    it is funny though how one of the best tech companies out there gets beaten for no reason when they deliver according to optimistic forecasts while there are half a dozen of over-inflated tech stocks that have not yet took a nose dive in 2014..
    15 Jan, 07:53 AM Reply Like
  • Stephen Aniston
    , contributor
    Comments (2463) | Send Message
     
    Tim Cook called this a "watershed moment" ?!? Sometimes I can't stand to watch Tim Cook anymore. Steve Jobs would've been like "Yue, hold my water, please... No, I don't like it there, a little bit to the right...no a little bit to the left. Thank you, Yue...Welll, aren't you glad we've finally honored you with our devices?"
    Give me a break. What happened to the spirit of that company? So desperate to move their now inferior products...
    15 Jan, 06:31 AM Reply Like
  • gensearch2
    , contributor
    Comments (1439) | Send Message
     
    You apparently didn't notice that two Russian carriers refused to carry iPhones because of Apple's onerous conditions. They have since changed their minds.

     

    CHL has released their non-contract pricing on iPhones. It doesn't look like Apple was on the short end of that negotiation. CHL will announce how much subsidy they're going to pay at their next March earnings report.

     

    I guess you think that sounds like Apple is desperate.

     

    Yes, Cook isn't as obnoxious as Jobs had demonstrated from time to time. But it doesn't look like Cook has displayed anything that indicates he folds at the blink of an eye either. Margins wouldn't be where they are if he did.

     

    I'm hoping that Samsung puts out that retina scanner as an "innovation". That will make the .... take a picture with front and back camers simultaneously ... look like genius.

     

    Samsung's approach is throw everything at the wall and see what sticks and then pour money into advertising. Which would include hiring college students to post negative stories about the competition.
    15 Jan, 07:25 AM Reply Like
  • rubber duck
    , contributor
    Comments (193) | Send Message
     
    Who cares what SJ would've said. I'll take growth.
    15 Jan, 07:31 AM Reply Like
  • Guest 9X9
    , contributor
    Comments (46) | Send Message
     
    Boy, you have a lot to learn about business and negotiations. The ONLY thing that matters at the end of the day is that the deal gets done, and TC got 'er DONE. There is no section on the income statement for style points.
    15 Jan, 09:07 AM Reply Like
  • Azazello
    , contributor
    Comments (628) | Send Message
     
    @stephen aniston
    Admirable contribution to company-, market analysis with a truly generous and constructive bent. The moment was a true watershed, and probably a significant mover of the stock—Tim Cook spoke the truth in a manner that is in his own spirit and style. I am not sure what Steve Jobs would have said but he certainly was not as rude as you imagine him for your own purpose.
    15 Jan, 09:49 AM Reply Like
  • thotdoc
    , contributor
    Comments (1491) | Send Message
     
    I'm not sure that SJ would have been able to pull off dealing with the Chinese. He could become a bit rigid as it became 'I want my way' when negotiating for what he wanted with other powerful people, who often pressed his buttons. TC has been the right person at the right place at the right time for Apple.
    15 Jan, 10:03 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    Stephen,

     

    You're right. Apple is so desperate to move there products that they sell every one they can stamp out on a daily basis. The products are anything but inferior. Walt Mossberg calls the iphone 5s the best smart phone in the world. If you prefer the privacy invasion of Google and their subsidiary, the NSA, that's your prerogative.
    15 Jan, 10:56 AM Reply Like
  • SP5524
    , contributor
    Comments (83) | Send Message
     
    Dear Tim Cook,

     

    You are doing a remarkable job as CEO. Please ignore those who do not know what they are talking about. Oh wait, you already do. Thanks for being married to the brand you love and for your determination to take Apple to new heights. Steve is smiling down on you. .
    15 Jan, 06:51 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4573) | Send Message
     
    60,000 a day since December 25, 2013 is a an 20 million annual rate, pretty close to Gene Munster's 17 million annual rate forecast. Given the 60,000 a day rate was in the excitement just before launch it may be that total year sales will be somewhat less than 20 million and Munster's estimate could be in the ballpark of reality
    15 Jan, 07:42 AM Reply Like
  • aardvark3
    , contributor
    Comments (394) | Send Message
     
    Does that make you sad?
    15 Jan, 07:51 AM Reply Like
  • u01bsb0
    , contributor
    Comments (622) | Send Message
     
    Michael, the 60,000 a day is most likely a good average as the west's christmas period is not a big time of year.

     

    Chinese New Year (31st Jan) is effectively their christmas. Sales will most definitely be much bigger in the period before this.
    15 Jan, 07:58 AM Reply Like
  • nguyenvanphuoc
    , contributor
    Comments (373) | Send Message
     
    "60,000 a day since December 25, 2013 is a an 20 million annual rate, pretty close to Gene Munster's 17 million annual rate forecast."

     

    Well, if you're okay being off by 10% or so, then you'd be right.

     

    60,000 a day equates to 21,900,000 annually. But I take your point, Apple is very obviously overbought and is ripe for a short at (insert current price here).
    15 Jan, 08:04 AM Reply Like
  • ks_droid
    , contributor
    Comments (86) | Send Message
     
    It's 21st century and Apple still can't beat Samsung, way to go (Y).
    15 Jan, 08:23 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    ks, Cook just said they had a record quarter; Samsung just warned. You need to catch up on the news. Don't forget that Samsung does not release sales, but several companies have released their own surveys saying Apple is drastically beating Samsung right now. I am sure that when the cheap feature phones sold in EMs are added up that Samsung sells more units, but in higher end smartphones they are getting their clocks cleaned.
    15 Jan, 08:26 AM Reply Like
  • ks_droid
    , contributor
    Comments (86) | Send Message
     
    Of course I am talking about unit numbers. There is no way Apple can come close to Samsung numbers (yearly all-units). I believe that soon Samsung will catch up also in premium segment with Note III and SIV compared to 5S and 5C.
    15 Jan, 08:29 AM Reply Like
  • Azazello
    , contributor
    Comments (628) | Send Message
     
    There sho blows again:
    http://bbc.in/1199zgo
    15 Jan, 08:42 AM Reply Like
  • Azazello
    , contributor
    Comments (628) | Send Message
     
    Why are you not posting on Samsung threads, oh IT sage?

     

    http://bit.ly/1aquUUY
    15 Jan, 08:43 AM Reply Like
  • ks_droid
    , contributor
    Comments (86) | Send Message
     
    Because I don't like Samsung, but in Android world they are no 1 so...
    15 Jan, 08:46 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    The SIV is getting obliterated, KS. Samsung is warning on profits because they are losing big time in the high end. Apple is doing great, but I think Samsung's biggest problem is actually Google. The Moto G at less than $200, and the MotoX at less than $400 gives customers the same phone experience for half the price! Google is killing Samsung and HTC. I have a lot of respect for Samsung, BTW, but they need to find another OS because Google will crush their Android business.
    15 Jan, 08:48 AM Reply Like
  • ks_droid
    , contributor
    Comments (86) | Send Message
     
    You are right, Google is crashing Samsung, and I don't care to be very true, but I can see a lot of people with SIV so I am not sure about Samsung loosing tempo. Today I read that Moto X is coming to Europe so I hope to get one soon even though Nexus 5 is not bat choice at all.
    15 Jan, 08:56 AM Reply Like
  • ks_droid
    , contributor
    Comments (86) | Send Message
     
    @Azazello your link is talking about fake reviews, I am not posting any reviews here, just my opinion. And I said before that I prefer HTC to Samsung as does many people. Samsung is pushing hard with the price war and that is how it is getting to many people including 80% of my friends and relatives.
    15 Jan, 09:03 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    20 mill to 17 million is a 17.6% miss. kind of a huge deal I would say.
    15 Jan, 09:32 AM Reply Like
  • Azazello
    , contributor
    Comments (628) | Send Message
     
    I don't know how much I would read into this: Tim Cook's Apple is a master of supply chain management so production numbers will be very tightly adjusted to demand. I think Gene Munster's forecast is low—after 2013 even the old-timer, formerly optimistic amateur bloggers are cautious about their numbers. I have been (for seven years) and remain long on AAPL, adding small positions monthly. You, oh sage, are still trying to time the market and I praise you for your courage!

     

    BTW the dudes who bought your April shorts are feeling the pain today;)
    15 Jan, 09:39 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    What do you mean, catch up? Weren't those phones released before the 5S and 5C? There are countless analogies made between Apple and Blackberry, Dell, HP, etc. In my opinion, Samsung is much more like those companies than Apple. Samsung only has hardware to fall back on, and they do very well with hardware, compared to most others. However, I think we've seen the brightest days of Samsung. The one decided advantage Samsung had at the high end was larger phones. If Apple takes that away, Samsung will be left with plastic casings, a reputation as a cheap copycat, and a 'retina scanner' that is so transparently impractical that I can't imagine it getting off the ground. What if I want to look at my phone in the dark? Or when I'm driving? I cannot believe the idiocy of that idea. It smacks of desperation.
    15 Jan, 10:32 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    KS,

     

    Unit numbers mean nothing. They don't relate to profits in any way as Apple makes most of the global smart phone profits. Also, 70% of ALL GLOBAL MOBILE SEARCH is done on an iOS device and 85% of ALL GLOBAL MOBILE COMMERCE is done on an iOS device. Those are the only smart phone metrics that matter.
    15 Jan, 11:05 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    Have there been any even quasi-legitimate rumors about an Apple search engine? Every time I read about Apple Maps taking millions of users away from GoogleMaps, I think, why not search? Every time I read about the amount of ad revenues going to Google via iOS devices, I think, why is Apple not aiming to keep all of those revenues? Why are the giving them to Google and Bing. I don't realistically expect Apple to replace Google's dominance or popularity, but by simply setting it as the default option on iOS devices, they could gain billions of annual ad dollars without much of a fight, could they not? The whole argument I've heard about AppleMaps is not that it's not necessarily better, just that it's more convenient to use. I think an AppleSearch engine could do the same...particularly with all the heat Google and FaceBook are taking for data mining.
    15 Jan, 11:29 AM Reply Like
  • Vitalogy80
    , contributor
    Comments (32) | Send Message
     
    Oh look, the Apple troll KS is back again...27 comments on here, all about a company he hates. Not sure why he cares so much about Apple
    15 Jan, 12:55 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    Imagine how many iWatches China Mobile stores will move!
    15 Jan, 08:23 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    @HE and others, do you read anything into the statement that the 'partnership will extend beyond handset devices'? Is that a clue about iWatches or other upcoming device releases? I don't want to overlook this morning's good news too quickly, but that phrase intrigues me. Unless, perhaps, they're just speaking in broad terms about CHL helping AAPL to reach into new cities and sales channels. I could be just reading too much into it...
    15 Jan, 08:43 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    Yes, definitely! Don't forget that China doesn't have the same infrastructure yet. TVs, Watches, Phone, and Tablets could all be conduits for cable like streaming in the future. This is why Apple is a buy, but CHL is a bigger buy right now! China Mobile is on top of my Emerging Market buy list right now!
    15 Jan, 08:52 AM Reply Like
  • cshoxie
    , contributor
    Comments (268) | Send Message
     
    Imagine how many knockoffs they'll be selling on Canal Street?
    15 Jan, 10:21 AM Reply Like
  • Kahokfan67
    , contributor
    Comments (48) | Send Message
     
    AAPL too many gamblers. The investors buy and stay. The traders are moving AAPL up and down on their whim without sound financial reasoning.
    15 Jan, 08:27 AM Reply Like
  • Deja Vu
    , contributor
    Comments (1202) | Send Message
     
    Subtracting the drop in sales after the initial excitement and the chinese equivalent of the Christmas shopping season (Chinese New Year), and subtracting the cannibalization from other carriers, the annual overall incremental iPhone sales may well be substantially lower than Munster's forecast.
    15 Jan, 08:29 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    http://on.wsj.com/1dQckGZ
    Last quarter, we haven’t announced numbers, but I can tell you that last quarter we sold more iPhones in Greater China than at any time in our past.
    15 Jan, 08:37 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    http://on.wsj.com/1dQckGZ
    Last quarter, we haven’t announced numbers, but I can tell you that last quarter we sold more iPhones in Greater China than at any time in our past.
    15 Jan, 08:37 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    This whole scenario reminds me of the pre-order situation when the 5S and 5C were released in September. Based on incomplete information, fear mongers misconstrued the pre-order numbers of the 5C only and extrapolated that no one was going to buy this year's iPhones. Then the hordes showed up on opening weekend and Apple blew out expectations with 9M phones sold. Some people's inability to remember or learn from past experience amazes me, and the fact that anyone even blinked an eye at that Wedge Partners nonsense and the 100,000 pre-order number is a testament to the reactionary and illogical behavior of the market in the short term.

     

    I think an average of about 60K per day, or ~20M this year, sounds right. Many people will show up without pre-ordering, and I think it'll be 100K+ per day for the first month or two. As we get closer to the new launch date, sales will slow, and then re-accelerate after the release. Next year, however, there will be a number of new things to look forward to: (a) a few new Apple stores in China (b) a foothold in Alibaba (c) used 5Ss and 5Cs that are compatible with LD-LTE (d) larger phone(s) (e) millions of upwardly mobile, newly minted middle class customers (f) etc., etc. My point is, there will be an initial surge and a strong first year, but I think impatience for a quick score clouds some people's judgment about the long-term. I think 20M this year sounds reasonable, but I think that number could grow to 25M next year, and 28-30M the following.
    15 Jan, 08:38 AM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    When Apple comes out with the bigger iphone 6 and/or Phablet this year, they will sell like hot cakes in China. The numbers will be huge. I anticipate 35-40 million total incremental units in China in fiscal 2014.
    15 Jan, 11:18 AM Reply Like
  • doc47
    , contributor
    Comments (1017) | Send Message
     
    Good points NW Cats! You're much more intelligent than the players your school fields for football and basketball. I would add that China Mobile itself should see a long-term surge too, that stock is as cheap as AAPL.
    15 Jan, 08:53 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    Haha, nothing makes me feel better than a backhanded compliment. However, if I had to choose between a monster year for AAPL or for Northwestern sports, I would vote with my money every time.
    15 Jan, 11:02 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    doc, I think CHL is cheaper than Apple. Lower cash adjusted PE and it yields close to 4%.
    15 Jan, 09:11 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    @Humble: Do you know how to invest in the Chinese market?
    15 Jan, 10:20 AM Reply Like
  • NWCats404
    , contributor
    Comments (226) | Send Message
     
    CHL trades on the NYSE.
    15 Jan, 11:03 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    @NWCats: thanks.
    16 Jan, 09:27 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1472) | Send Message
     
    Sorry, caniget. I didn't notice your question. CHL is very liquid and available on the NYSE. As I said, it is my favorite wireless play. You can look over the numbers, but it is actually cheaper than Apple! They pay almost 4%, too. They have a ton of cash and they are moving to LTE in a big way. One of the big reasons I like it is that LTE can compete with cable and there is much less infrastructure in China, and I see them gaining a lot of revenue off of data over the next five years. It is in China, so there are risks, but the government is invested and I think they are actually safer than most Chinese equities. Good luck and be careful!
    16 Jan, 09:46 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (197) | Send Message
     
    @HE: thanks for the reply. I will look into it.
    16 Jan, 12:37 PM Reply Like
  • dmarilley
    , contributor
    Comments (591) | Send Message
     
    Do you think that the top of the line I phone will even sell for 350 bucks in a year there???????? If you do, you are dreaming. That is it, less than 350 retail revenue per unit.
    16 Jan, 12:34 AM Reply Like
  • ctownzoo
    , contributor
    Comments (54) | Send Message
     
    Maybe they should blow some cash on robots and smoke detectors that will add peanuts to their revenue but make analysts gush about their innovation and send the stock sky high...
    16 Jan, 01:08 AM Reply Like
  • Alex123456789
    , contributor
    Comments (122) | Send Message
     
    @ctownzoo so true :). this is sad but it is the world we're living in. given their size i'm actually quite happy about the purchases apple did in 2013. they don't seem to have overpaid any company and are always acting secretly and purchasing very specific companies for very specific needs.

     

    when i see how much the other giants pay for snapshots apps or other shit stuff for billions of dollars i can only laugh.
    16 Jan, 11:29 AM Reply Like
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