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Economy
In reply to the discussion: Weekend Economists Revelations and Reviews April 26-28, 2013 [View all]Demeter
(85,373 posts)14. Consumers' shift to older iPhones raises concerns on Wall Street
http://www.latimes.com/business/la-fi-apple-iphone-20130426,0,7968879.story
So many consumers are opting to buy older iPhone models that some analysts wonder whether Apple has lost its ability to create new versions that dazzle...
NO, THEY JUST CAN'T CREATE NEW VERSIONS THAT SELL...
...Not only has the shift toward cheaper phones nibbled away at Apple's profit margins, it's been dramatic enough for some analysts to view the iPhone 5 as a disappointment.
"I think it's no surprise then that the iPhone 5 is selling worse than expected," said Brian Colello, an analyst at Morningstar.
When Macchiavello went shopping recently for a new phone, she wasn't thinking about the bigger screen size of the iPhone 5, its faster processor, or the fact it could come with 32 gigabytes of memory. What she did think about was its price, ranging from $199 to $399.
So instead, she gravitated to the iPhone 4, which to some may border on heresy in the gadget-obsessed Bay Area. Macchiavello got the iPhone with a mere 8 gigabytes of memory for practically free from AT&T in exchange for signing a two-year service contract....
So many consumers are opting to buy older iPhone models that some analysts wonder whether Apple has lost its ability to create new versions that dazzle...
NO, THEY JUST CAN'T CREATE NEW VERSIONS THAT SELL...
...Not only has the shift toward cheaper phones nibbled away at Apple's profit margins, it's been dramatic enough for some analysts to view the iPhone 5 as a disappointment.
"I think it's no surprise then that the iPhone 5 is selling worse than expected," said Brian Colello, an analyst at Morningstar.
When Macchiavello went shopping recently for a new phone, she wasn't thinking about the bigger screen size of the iPhone 5, its faster processor, or the fact it could come with 32 gigabytes of memory. What she did think about was its price, ranging from $199 to $399.
So instead, she gravitated to the iPhone 4, which to some may border on heresy in the gadget-obsessed Bay Area. Macchiavello got the iPhone with a mere 8 gigabytes of memory for practically free from AT&T in exchange for signing a two-year service contract....
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I see someone noticed that we noticed they were not posting bank failures, well done.
kickysnana
Apr 2013
#17
Our new Chair of the Florida Democratic Party was a lobbyist for ChoicePoint in 2000.
Fuddnik
Apr 2013
#31
Also ex-mployees who have survived the worst will not do anything to keep their jobs.
kickysnana
Apr 2013
#18