Link to join StockHub free investing discord server: –~–
Holy smokes guys we have woken up too bad bad news in regards to apple holy smokes apple stock is falling apple chip suppliers are falling across the board here we got a bad bad situation with apple oh my gosh signs of poor demand for iphone 8 filled more market questions over apples double 2017 iphone release strategy sending its shares down as much as 2.6 percent
Here on thursday the chief executive of canada’s largest mobile network rogers communications said appetite for the latest iphone has been quote anemic anemic guys but the debate also hints from some analysts in a taiwan media report of a cut in iphone 8 production okay they’re cutting iphone 8 production this 7 does apple stock down obviously this sends suppliers
That i own someone like a cirrus logic which we’ll talk about in just a minute down over 4% today across the board just anything related to apple just down down down and i’m like really this is news like this is news story this is enough to send apple shares down i’m like there’s a clear misunderstanding of apple’s customer base there’s a clear misunderstanding of
Apples customer base in the developed countries ok apple customers do not try to cheap out on apple products the majority of apple customers buy apple products not to save money not to have a lesser but because they want the best thing they want what they feel is the best product available ok so iphone 8 has come out here that’s gonna be the second best iphone as
Of november 3rd when those those phones start getting out in production right well it’s already in production people will actually start receiving them november 3rd right that will be the best iphone out there the best performance across the board whether you’re talking camera specs whether you’re talking to you know cpu performances and all that kind of stuff
All the benchmarks and whatnot across the board that will be by far the best iphone so if you’re an apple customer and you live in a developed country ok and you got the money to buy you know a high-end smartphone what are you gonna buy without question you’re gonna buy iphone 10 okay you’re not gonna cheap out of just ol let me get the iphone eight no that’s
That’s a clear misunderstanding of what apple customers are image the the main part of apple’s business right is not selling cheaper products okay there’s a reason the newer iphones always sell more and more than the past iphones correct so this whole thing about all iphone 8 demand is slow it’s like it should be slow it shouldn’t be anemic because they got the
Better product coming out here within a month so why would somebody go out and buy an iphone 8 it literally makes no sense why would somebody in a developed country he’s got the money why would someone go out and buy an iphone 8 when a much better product is coming out the following month it literally just doesn’t make sense so the fact that i phone eight demand
Is not super strong is i of course it shouldn’t be it shouldn’t be iphone eight is like you know just kind of like a filler phone in there guys so it amazes me and absolutely amazes me that this is even a news story now if iphone 10 sales are anemic then i would be worried then i’d be like okay well that’s not good if iphone 10 sales are anemic right then you got
An issue but the fact that iphone 8 sales are anemic or weak it’s like that should be expected man the majority of apple customers don’t buy apple products to save money if they wanted to save money they will go by a chinese company or they’ve got something else they buy another product that’s probably much cheaper right so that’s a clear must understand so like
I talked about with cruise here that’s a position i’ve added probably about two months ago i added this one to for stocks i’m buying i know the payoff with this one probably won’t come till 12 to 24 months from now and i’m perfectly okay with that i actually welcome this downside move huge because i would love to add a much bigger position in cirrus logic and i’m
Not worried about you know in not doing much for over the next year it might not it honestly might not it might not do much for the next 24 months i don’t know i just want to be in this one because when the next ship launches for cirrus logic well it’s already launched they’re shopping around the customers apple right now okay when they actually get that chip into
The new iphones which probably might not be until at least twelve months from now if not 24 months from now it’s gonna be enormous for the company like potentially doubling the company doubling the revenues and profits overnight essentially so i’d rather be in this one early and hold chairs and even if i go down on shares and lower my cost basis i’m fine with this
One i’m absolutely fine with that situation happening i welcome this one going down more than any stock honestly it’s probably the only stock that i literally wish would go down right now because i want to add a bigger position in this one and i want to be ready for when that next chip launches so you know well the fact that apple suppliers go down i’m welcoming
I’m just amazed that it’s happening and by the way with apple would i buy apple i would probably not up here just because i’m already i already have an apple playing serious logic but if app will drop to like say 140 range yeah like i’m buying now that would be at like something like a 13 ford pe and you’re talking about you know the coca-cola of electronics like
Come on i’m gonna i’m gonna take advantage of that every time so yeah i phone eight thing and it’s just like amazes me that’s even like a question of an issue or something like that like you clear misunderstanding of apples consumer based clear misunderstanding so anyways let me know in that comment section what you guys think about this whole story do you think
This is a big news story and this is like doomsday for apple or do you think are you kind of like me and you’re like dude this is not a big deal if iphone 10 demand was anemic then you’d have an issue i would love to hear what you guys have to say in that comment section about this story guys thank you for watching and have a great day
Transcribed from video
OMG Pathetic Iphone 8 Demand! By Financial Education
