Sunday, January 1, 2017

Timmy!

Reuters: Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.

The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.
So we have Apple slowdown, auto slow down, first quarter Obamacare tax hike, and a bad housing report. This looks like our standard Q1 slog. The plot, then, is to dump Q2 bad news onto Q1, thus avoiding the two quarter negative needed to get blue bar. Doable, except for Republicans.

1 comment:

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