20190123-Apple's Imminent Crash has Begun


The Daily Proof (Apple’s Imminent Crash has Begun):

Apple is in trouble. The latest version of the iPad begins at a minimum of $1,000 and continues upward.

The iPhone is also facing similar high price tag burdens on consumers looking for the latest technology.   Now, “for the first time since 2002, the company slashed its earnings forecast. The stock plunged 10% for its worst day in six years.”


-Apple had raised iPhone prices by 500% in the past eight yrs.  In 2010, iPhone 4 was $199 and the latest iPhone X is $1149.


-iPhone was introduced in 2007 and the sales have jumped 10X.  The stock prices went up 10X.


-The stock dropped 10% two weeks ago and crashed about 35% from Nov 2018 high.


-Apples sales is still going up from month to month but it is selling few iPhone every year.  The unit sales peaked in 2015 and it’s been steadily going down.


-The sales revenue grows only by raising iphone prices.


-In November, Apple announced it would stop disclosing iPhone unit sales.

-iPhone generates two-thirds of Apple’s overall sales.    A publicly traded company that makes most of its money from selling phones is no longer telling investors how many phones it sells!


-Will Apple become the next Nokia?

              -Back in 2007 Nokia was king of cell phones and then it was taken over by iPhone.  


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