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A HAAPLbinger Of Things To Come: Why Apple Breached Its "Generational Bottom" All Over Again
It is often said that a picture paints a thousand words; in the case of this image, we fear that a photo might just kill a thousand Apple Bulls' hopes. Unlike the euphoric (and perhaps 'paid') crowds that emerge to wait night-after-night under the stars in the hopes of being one of the first to get their hands on next-generation iMaterial, it appears the Chinese are just not that bothered when it comes to iPhone5. The photo below, via WSJ's China Real-Time Report, shows the line (all two people) waiting outside of the Beijing Apple Store on the day of the launch of iPhone5 in China. Before you ask; no, one of them is not Gene Munster doing channel-checks. As the article notes, this is arguably "the least eventful launch of an Apple device in the company’s four-year history in the Chinese capital." They go on to note, "at 8 am on Friday, when the store opened to hurrahs from employees, only two consumers stood inside a cordon set up by Apple, though they were joined by a desultory snow man someone had made on a bench near the entrance," and we understand the snowman was under-impressed with the iPhone5. Perhaps this sole image is the best reflection of a 'fad' product and why the 'fad' stock price just pierced generational lows (at $517.48 in pre-market). WWJTD?
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Abandon hope.....all ye who enter here.
But.. but... Ilene says BTFD? ;-)
Looney
Kim Kardashian has a generational bottom.
If she had as many dicks sticking out of her as she's had in her she'd look like a porcupine
You missed it there. Her generational bottom has definitely been breached...over and over and over again.
It's ridonkulous to think that the iGadget saturation, whereby iGadgets that work nearly the same way that iCanHazFoxconn?'s other products (made for other companies, in the same facility, with different logos slapped on) work, but just cost more (like the fanciest dijon ketchups), is just a fad.
Apple be cookin' up some fresh, hot, defs in Cupertino. Holla, bitchez.
p.s. That snowman on that bench pulled his pants down when he heard the snowblower was coming.
snowman + snowblower = +1
IGadgets are NOT fads!!! This is a permanent paradigm shift just like Cabbage Patch Kids and Beenie Babies.
im just loaded iOS6 on my pet rock and i get all the android apps now....
CNBS ratings... generational bottom...
Isn't kardashian just slang for slut with a butt?
Made my Friday.
No matter. They will sell iphones to American hobos instead.
http://www.zerohedge.com/news/2012-12-14/new-normal-art-hobo-iphone
this should mean that spx will move up by 2% as appl falls
all the chinese have already donated 1 kidney to pay for their iPhone 2. if they donate the second kidney, they die. those 2 peope will be dead by EOD.
Tylers,
Speaking of our friends in the east, you need to find the video of the North Korean citizens out in the streets spontaneously celebrating their recent rocket launch.
Nothing says dance like its 1999 than having some comrades off camera pointing guns at you.
I thought they were cheering the new Ifrone
That would probably require electricity.
Kim JU has a new iThrone
iHype and iScrew'em welcome to competition bitchezz
Competition in the form of apple knock-offs at a mere fraction of the price. Apple is being egotistical here methinks
You mean working Chinese people won't pay the equivalent of an extra month of labor just to have the real thing? They need to get their priorities in order.
It's why they will never challenge the US as the world's sole superpower.
You can hear the one guy saying, "Can you hear me now?".
Cue aapl ramp that always happens after ZH post. Courtesy of Kev.
The Chinese do not have a Bernanke printing $1.02 trillion a year ($3248 per citizen) to spend on istuff.
When you say it like that -- "$3248 per citizen to spend on istuff" -- it almost sounds pro-middle class. Bat alas, the devil is in the details. In this case, the "details" are that the $3248 "per citizen" is going straight to a few bankers. The only role the "citizen" has in that money is that they or more likely their descendants will get to pay it back through taxes some day. Pretty cool trick to be able to print money for yourself and send the bill to someone else.
Eventually are we each going to get a package that tells us all about the banker we are supporting and get to see what extravagant things he is doing? Kind of like the Sally Struthers African kid thing in reverse. I mean, if I am coughing up over $12k from my family, shouldn't I get to live vicariously through my banker?
Funniest comment I've seen in weeks. I wish I had more than one upvote.
But except for AAPL, all the markets seem eerily quiet. Few people still believe that there will a Grexit because we have the OMT and seemingly endless free money from Germany. Does anybody think the fiscal cliff will still be unresolved by the year end?
What will be the next Risk-Off trigger?
There will be no Grexit. It has already been turned into an EU colony. Job done.
Call the 'fiscal cliff' a 'wealth grab', along with KenyanCare. Call it what it is. Its a big step towards the Demomarxists communist panacea. The Demomarxists are not going to 'reach a deal' for they WANT this to happen. Then they'll successfully blame it on the republicans (because they are wusses who forgot how to fight back, or worse, traitors to the cause) in the House and get the 47% Taker Nation to vote Demomarxist for the House in 2014. Then the Demomarxists can really get to work controlling all 3 branches of govt.
Its a big step towards the Demomarxists communist panacea.
___________________________
A big step toward the 'american' panacea.
'Americans' in Europe are fiddling to the tune of 'americanism', nothing else.
Angela Merkel will do everything in her power to ensure there is no Grexit prior the German elections in fall 2013 because she
does not want the German people to realise they will suffer a genuine, real financial loss once Greece exits. The only way
Grexit will happen before then is if it comes up from the streets. I guess they also need time to buttress Spain prior to Grexit
to prevent a domino effect but the Spaniards aren't playing ball on that one.
iPeak
then iPlunge
he went full retard on apple.
I could have told you that. Why wait in line when iKnock-off stores are two blocks over??
Could be a good buy in the $350 - $375 range for a trade though...
In it's historical range when Steve Jobs isn't in house.
Under $20.
AAPL has peaked, period:
http://chartistfriendfrompittsburgh.blogspot.com/2012/11/hope-is-strateg...
Chinese have a long path to walk to achieve 'american' fullness.
Stuff like this show how much backward they are compared to the standard of 'americans' you can find around the world.
'Americans' have managed to produce behaviours you could expect from starving people lining up for food and water (hence tortured by the pang of hunger and thirst) but these 'american' times, by people who are hungry for bits of cloth or electronics.
That is the great advancement of humanity as thought by 'americans'
Chinese have a long path to march to achieve American fullness of sanitation.
Stuff like this show how much backward they are compared to the standard of human toiletry you can find around the world.
Chinese shitizens have managed to produce roadside behaviours you could expect from filthy infants lining up their diapers after food and water (hence tortured by the pang of insanitation) but these Chinese shitizenism times, by people who are hungry for bits of wokked dog and bear penis soup.
Blobbing-up and eating endangered animals, like animals: that is the great advancement of humanity as thought by Chinese shitizens.
Apple has peaked, Apple is doomed, Apple is a toy, Apple just makes fruity colored underpowered computers, Apple is overpriced fad, Apple is doomed.
Over and over, over the years, the same bs from emotional tools.
A little bit lower and I will buy another option!!!
Sorry. You obviously never owned one in the 80's - the first time they got crushed by their competition.
Wrong, I have. I have been with Apple since the Apple II. Yes, I briefly did a few incursions into Windows, but then luckily I discovered linux/unix and of course the Internet which was run on unix / linux. Never had to deal with MS again!
Just finished an app for Android and iOS. Without question, Android was a supreme pain in the ass. No wonder why gamers are avoiding it. Also, the iPhone 5's weight is perfect for gaming! You just don't get tired holding it.
Nonetheless, I am agnostic and developing a SaaS solution to handle the different platforms.
Cheers
Did you play that game with the two green-screen pirates who fought with fencing swords?
I loved that game.
Apple IIs were the best. I was a poor kid and didn't have one, but my high school did. That must of been what, 1982?
You're pretty old for a developer.
I am Joe Terrabona, I am Fast Money....
You'll need to purchase a $0.99 app to get your answer.
.......Doug JacKass has jus' sent an urgent email message to his clients.
"Stop harassing me"
"no, one of them is not Gene Munster doing channel-checks."
It's hgh time for Gene Munster himself to stand in queue to do channel-checks! LMAO.
That Apple store was Sanlitun's biggest attraction for a while. But really, it isn't for the villagers, it is for laowais and the wives of the guys that run SOEs.
Seeking Alpha-ers comments are always the best. They will defend this thing all the way down. They've also been buying since $650 though so I guess they need to convince themselves that this is just a temporary drop in the stock. They posted a similar article and the comments are, as usual, very entertaining.
I know a number of Applephiles that have purchased every iPad and iPhone. They do love their iPads but they really love their SIII. You know the fad is done when even the hardcore Apple fans move over to Samsung.
Don't worry, next year they will pay people over there to stand in line to make it look more impressive
Pay? Why pay when the govt can just compel people to stand in line at the end of a gun?
of course no one is in line here. the line is at the factory...where the factory mgmnt takes a few off the line, damaged, and sells them to the factory next door that will make knock-offs with the 'lost' raw materials from factory 1.
there is a difference, politically for certain, and culturally between japan and the chinese. the chinese want to follow the japanese model, but cant seem to grasp the concept of building something better vs a lower grade copy; or creating something better (not counting better ways of stealing intellectual property). mabye its the one party dictatorship that they are. even the basic old encyclopedias reflect the soviets imagined progress through forced labor and hitting targets on steel, coal, 'cars' regardless of the rest of the economy and the west thought they were a threat. there was nothing but a hollow shell.
militarily? 'threat of chinese build up"? theres a new false threat. the chinese recently marked a milestone: they launched their first jet off an aircraft carrier (refurbished ukrainian cruise ship). we and our allies will be fine as long as we follow the sage advice 'never get involved in a land war in asia'....
taking profits before we all benefit from Obumas next 4 yrs..animal spirits just got put in a cage and on bread and water rations, somehow that might sound good in a few years.
Pump & Dump. Difference from norm is every institutional investor has been backing the truck for the last year. Will not paint a window pretty.
"Nothing says dance like its 1999 than having some comrades off camera pointing guns at you."
Is it really more appaling than footage of a Black Friday?
Great moniker.....
Ever see a farm where they are raised?
My mouth is watering ...
http://www.youtube.com/watch?v=U5ocAK41nSg
Truffle-stuffed Bresse chicken in a bladder in Paul Bocuse restaurant in Collonges (3 Michelin stars)
http://www.marmiton.org/recettes/recette_poulet-de-bresse-au-vin-jaune-et-aux-morilles_19369.aspx
A good friend was over last night and I cracked a 1989 Vin Jaune....
Investors are being pumped by Wall Street to get ahead of themselves on these developing markets. Most of the population of these countries are no where near as well off financially as the Street wants you to believe. Not only that, but they don't have access to the level of credit that western consumers are pumped up with, nor do these people have a consumer culture. The opposite, they have a conservative, almost "Great Depression" mindset of thrift.
Breaking - UBS lowers fiscal 2013 EPS forecasts by 10% to $47/share. UBS lowers March, June and Sept metrics.
Hey Gene Munster, it 's your turn now. LOL.
Take 200 assembly jobs back to America; lose 50 billion in market cap.
Here is a curious piece of trivia for you to digest.
Although Greater China (Greater China) is the biggest market for high end/luxury consumer goods, the showpiece store locations in Mainland China run flat on revenues. I understand that premium brands such as LV are actually provided rent free space in some locations with enticements such as free fit out. Even though they don't make money on store sales in China, they all feel it is essential to open locations for brand awareness etc.
I was told this by someone who is active in this end of the retail business in China.
So where do these brands net their huge Greater China sales revenues? The answer is simple. In Hong Kong. The mainlanders come to Hong Kong to shop for reasons involving a combination of PRC luxury good taxes, off-shore accounts and the culture of business gifting.
If you go to the two Apple stores in Hong Kong, they are jam packed with mainlanders. A third is scheduled to open tomorrow in Causeway Bay, the most expensive retail district in the world.
HK people typically buy their phones in the local phone stores that inundate street level retail.
Additionally, at previous Apple events in Beijing and Shanghai, there were serious issues raised concerning crowd control and public order. I recall that some stores were forced to close due to rioting. So now they have implemented a store access reservation system. No online reservation, no entrance.
Just some details to consider.
Although I don't like Apple products, I don't understand what the obsession is with hoping Apple will fail.
It is a symptom of the new American hatred of success. I think you caught that bug from us Brits.
It is our new found love for all things Korean. Psy, Kim Jong Un and Samsung.
It's a natural reaction, when something is perceived to be "too big." People like things small-ish and local, not ginormous and out-of-touch.
Or, it could just be that Apple has been running on aesthetics alone since 1998, forsaking functionality, and the iPhone 5 was the proverbial straw to break the camel's back. :)
What do you expect from a CNBS crooner?
Always a good time to buy from these people, unless the street has heavy short bets on.
Of course the line is only two people long; most Chinese work during the day.
my wife had a "generational bottom" 10 years ago-but -after 2 kids- not so much
I have never seen that clip before until now. Either that guy is paid to say that with such optimism or ....and this is my professional opinion....he is a fucking idiot. How can you say generational low about ANYTHING out there.
Let me know when the fake Apple stores start converting to fake Samsung stores...
Meh, the Chinese already have iPhone 5's - either the real ones their relatives have snuck out of the factories or the knock off's that came out months ago.