What are the hedge funds paying for these negative to Apple stories.
So sad and stupid that Apple Insider publishes Apple Outsider stories!
I gotta be missing something here... I also defeated the security code because, like igriv, I found it a nuisance to have to enter it every single time I use the device. Get a text, enter the code to respond. Put the phone back in my pocket. Get another text, enter the code again. Got an email. Enter the code. Wanna check what time the game starts tonight, enter the code... you get the idea.
I understand that this is obviously necessary to provide security, but like igriv, I find that it's inconvenient enough for me to take my chances with a thief being able to access whatever I have on the phone. Are you saying that I'm missing something?
People have short memories.
Remember back when the iPhone 5 first came out, there were widespread customer reports of chipped and even dented phones from the first production shipments? Some stores reported that every new iPhone 5 they opened had some cosmetic problem. Millions were sold the first week.
Remember also reports of Foxconn workers walking off the assembly line in protest, because they were getting blamed for the damage due to having to handle the new aluminum case, even while also being asked to keep up their output?
So it's at least a bit believable that a few million of the first iPhone 5s made it out to stores with many having cosmetic problems. Throw in some of the usual 6% return rate (~2 million per quarter) for other reasons, and it could easily add up to at least four million. Not sure I would believe 5-8 million, unless that was for a couple of quarters or more.
No doubt quite a few will end up as refurbished phones, which helps cut the cost to Foxconn.