Posted on 02/17/2020 1:41:45 PM PST by SpeedyInTexas
Apple said Monday that it would not meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak.
The company initially said that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Apple did not provide a new forecast for its second-quarter revenue on Monday.
(Excerpt) Read more at cnbc.com ...
The Chinese economy is looking so bad, I think the CCP will have to publicly execute some workers to force everyone to go back to work. Damn the workers, the CCP must stay in power!
Get out of China.
Here we go. Stock market slide begins. Say hi to ?? in November.
Supposedly the financial world is expecting a massive influx of "stimulus" cash from the PRC government to offset the drop in productivity even though the PRC finance minister is on record as saying that it won't happen and austerity measures are in the future.
We'll see.
I HATE the phrase “So it begins,” but this might be the one time it is perfectly apt.
*PING*
It'll be a better buy in March, after the price has been beaten down a little.
They need a second source.
I’m surprised they don’t have one, on a different continent, like South America.....................
“Get out of China.”
Apple has themselves to blame. A company which produces most of its good in one foreign country? What could go wrong.
Oh, maybe a trade war, maybe a pandemic.
The past 3 years is giving a good lesson to CEO POSs. Stop sending all production overseas and stop sending it all to one country.
We can’t even buy face masks in this country because some companies wanted to save a few cents on a mask by offshoring.
“like South America”
Or North America.
First of many. Corporate executives just got a 1Q reprieve for not meeting their numbers.
The US needs to make much of its own stuff. Just wondering,if the virus will be able to be viable if transported on products of China to other parts of the world? Hopefully the Stock market will survive the rough ride to the virus breaks. Too bad for Wuhan and the Hubei Province plus the additional 9 provinces. Just wonder, what was produced in Wuhan a city of 11 million people. What is the real death toll too?
‘zactly...
Apple’s problem is they can’t think outside California................
Futures are green.
I hope it brings the price of Apple stock down so I can get back in
So far the stock market is not batting an eye. I’ve been wondering how this can be, with all of the bad news on the global economy, due to corona virus.
It would seem the markets would have to start reflecting what the economists are saying, about the downturn, at some point.
The question is....when?
“Here we go. Stock market slide begins. Say hi to ?? in November.”
Buying the dips. Accumulating Carnival.
And the futures open in 52 minutes. I wonder which way they will go?
BOHICA
I wrote on another thread today, in essence, that China ain’t going down alone. The PBOC can turn off the spigot and allow the market to find its level.
It would suck, but it could happen. And we will live through it.
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