China’s economic health pushes Apple into five-day losing streak
“This is an iPhone”, the ad states, as if we didn’t already know, before stressing that Apple’s smartphone “comes with something different”.
For more evidence of that, look at a one-year chart for the Vanguard Precious Metals and Miners ETF, VGPMX, a proxy for world demand for industrial metals like copper, aluminum and platinum. Unfortunately, these individual investors make up a large portion of China’s stock exchange. The company’s quarterly revenue was up 24.4% on a year-over-year basis.
Force Touch is still only a rumour, mind you, and it was something else the Wall Street Journal mentioned – but it has been cited by a number of sources now, so seems very likely to be destined for an outing this year.
Taiwan-based suppliers such as Pegatron, Zhen Ding, Flexium and Largan Precision have all had to expand their production facilities to meet rising orders from Apple, DigiTimes said.
This is the third campaign focusing on Apple’s iPhone, after the award winning Shot on The iPhone campaign swept everyone away with the breathtaking photos taken by iPhone 6 cameras, and following ads featuring Justin Timberlake and Jimmy Fallon distinguishing the iPhone 6 Plus from iPhone 6.
Meanwhile, back in China, fast-growing smartphone maker Xiaomi reported that sales of its phones in the first half were less than expected. “Given a lot of the dark clouds we are seeing in China, that has spooked investors”.
Who can forget the popular ‘If it’s not an iPhone, it’s not an iPhone’ jibe from Apple towards all its competitors.
The company’s existing iPhone models have experienced a major surge in sales, with selling 135.6 million iPhones.
For the near future, the only thing separating Apple bulls from the bears may be their investment time horizon.