Foxconn profits ride high on iPhone X, dispelling worries about Apple's sales

2»

Comments

  • Reply 21 of 29
    gilly33gilly33 Posts: 430member
    I'm not going to try to connect Foxconn's profits with high iPhone sales but I really wish all the fake news about Apple's constantly decreasing iPhone sales would stop. There's simply no need for all those unconfirmed rumors from analysts. Why can't analysts wait until the quarterly financial announcements like they do for most companies if they're only going to be taking wild guesses? I believe they're deliberately trying to mislead Apple investors and shareholders. Their nonsense has little effect upon my decisions because overall, I think Apple is doing pretty well. Sure, it's not a FANG stock but the company is still profitable and that should be good enough for the average investor. Analysts calling for investors to dump Apple in order to buy Facebook or Netflix is just sickening. There's surely no need for the same analysts to slash sales numbers two times in a month for the sake of day traders. Saying things like the iPhone X is a failure because analyst expectations weren't met is really a cheap shot for a smartphone they originally said no one would buy because of the high price-tag.
    They want clicks man. Plain and simple. News outlets always focus on the negative ‘bad’ news. Saying Apple is doing great doesn’t sell articles. 
    watto_cobra
  • Reply 22 of 29
    foggyhillfoggyhill Posts: 4,767member
    bsimpsen said:
    https://asia.nikkei.com/Business/AC/Foxconn-suffers-first-yearly-profit-drop-since-2008-as-iPhone-slumps

    From that article: "Foxconn posted net profit of NT$71.65 billion in the October-December quarter, up 4.2% on the year, but that growth came mainly from an NT$66 billion gain tied to the disposal of Sharp's preferred stock at the end of December rather than iPhone sales."
    Funny how, Nikea, Aka short town, are the only ones reporting this.
    Look at their "success" record on this, it is abysmal.
    magman1979watto_cobra
  • Reply 23 of 29
    Rayz2016Rayz2016 Posts: 6,957member
    Tim Culpan (@tculpan)
    Foxconn's Hon Hai unit just posted 4Q net income that beat estimates by a ton.
    But don't thank Apple or iPhone. Operating profit sucked. 
    Instead, Hon Hai juiced the numbers with a spree of highly profitable asset disposals during the quarter.
    Without a link, it's fake news. You shouldn't propagate crap like this, unless you can verify it.
    https://www.bloomberg.com/news/articles/2018-03-31/hon-hai-q4-profit-propped-up-by-nt-66b-sale-of-sharp-shares

    Foxconn dumped a load of shares in Sharp, which allowed them to beat the estimate.  However, the "operating profit sucked" comment is based on analysts estimates on what they believe Foxconn should have earned. The problem is, of course, that analysts don't know very much.

    And of course, Foxconn makes other a whole raft of other devices for other companies, not just Apple. 

    magman1979watto_cobra
  • Reply 24 of 29
    Rayz2016 said:

    And of course, Foxconn makes other a whole raft of other devices for other companies, not just Apple. 

    Yeah, but it’s probably fair to say that Apple accounts for a bulk of their operating profits (as it does for Samsung). 
  • Reply 25 of 29
    gatorguygatorguy Posts: 24,088member
    macxpress said:
    I just don't get why everyone is so bent out of shape about iPhone X sales. Every other day there's a stupid article about how its not doing very well. This is also the first time that I can remember that Apple has 2 brand new phones out at the same time in addition to the outgoing model, the iPhone 7 and of course the iPhone SE. iPhone X doesn't need to sell 50-80M per quarter. Maybe Apple never expected those kinds of numbers, especially when it has the iPhone 8 out there as well. Its a premium phone at a high price so I myself, never expected it to be really high in terms of sales. 

    It goes back to what I've said before...it seems like the media and just waiting for Apple to fail....because it will give them a high story to write about. If they stop and think, I bet a lot of them write on a Apple device so again, I don't understand why when they use an Apple device all they seem to want to write about is Apple's doom and gloom. 
    Remember the iPhone 5C narrative about what a failure it was and how poorly it sold, yet it sold like hotcakes? This is simply chapter 2 of that story, end of line.
    bsimpsen said:
    https://asia.nikkei.com/Business/AC/Foxconn-suffers-first-yearly-profit-drop-since-2008-as-iPhone-slumps

    From that article: "Foxconn posted net profit of NT$71.65 billion in the October-December quarter, up 4.2% on the year, but that growth came mainly from an NT$66 billion gain tied to the disposal of Sharp's preferred stock at the end of December rather than iPhone sales."
    So you trust the word of one of the most anti-Apple, most-often incorrect news outlet, who doesn’t even cite sources, as backing up the narrative that Hon Hai’s leap in profit is not attributable to Apple sales of iPhone X?
    https://www.bloomberg.com/news/articles/2018-03-30/hon-hai-s-profit-beats-estimates-thanks-to-demand-for-iphone-x
    https://www.businesstimes.com.sg/technology/hon-hai-q4-profit-propped-up-by-nt66b-sale-of-sharp-shares
  • Reply 26 of 29
    NotsofastNotsofast Posts: 450member
    Notsofast said:
    All these sites just keep repeating rank speculation from analysts.  I don't blame the "analysts," as they don't seem to be claiming its anything other than their opinion for the most part.  It's the various web sites, desperate for material and clicks , that put out what is essentially fake news.  They are also incentivized to repeat them because the "APPLE IS DOOMED" headline attracts more clicks.
    Except the “analysts” can’t find their a** with both hands.  Their job comes down to making sh** up.

    Almost all “analysts” opinions are basically worthless.
    Perhaps, but the greater sin is the headlines these websites run, essentially stating the opinion, assessment, etc., is fact.  
    magman1979watto_cobra
  • Reply 27 of 29
    9secondkox29secondkox2 Posts: 2,550member
    Pfffft...

    foxconns surge has nothing to do with iPhone X. 

    Lets be real. It’s all due to Samsung gear watches and the stellar reception theyve had. 
    watto_cobra
  • Reply 28 of 29
    magman1979magman1979 Posts: 1,291member
    Pfffft...

    foxconns surge has nothing to do with iPhone X. 

    Lets be real. It’s all due to Samsung gear watches and the stellar reception theyve had. 
    Did you forget to put an /s after that?
    watto_cobra
  • Reply 29 of 29
    bsimpsenbsimpsen Posts: 396member
    bsimpsen said:
    https://asia.nikkei.com/Business/AC/Foxconn-suffers-first-yearly-profit-drop-since-2008-as-iPhone-slumps

    From that article: "Foxconn posted net profit of NT$71.65 billion in the October-December quarter, up 4.2% on the year, but that growth came mainly from an NT$66 billion gain tied to the disposal of Sharp's preferred stock at the end of December rather than iPhone sales."
    So you trust the word of one of the most anti-Apple, most-often incorrect news outlet, who doesn’t even cite sources, as backing up the narrative that Hon Hai’s leap in profit is not attributable to Apple sales of iPhone X?
    Yes.
Sign In or Register to comment.