So I'm nervously shopping on the local Apple stores counting customers and trying to distinguish those that my be getting set up, are in for service etc. from those who are actually buying product. Sadly, I do this a lot now with all of the negative noise around the name. As we're leaving my wife notices an Asian gentleman at one of the large tables surrounded by staff who are bringing stock to him from the back. They're stacking IPhone 5's in stacks and counting and recording them with him.
He's on his cell phone the entire time with his customer/broker/Amex agent and more. I tell her I have to ask him what's happening here and then she points me to the areas under the table that has been filling up with poly bags full of the same boxes. So i barge in and inquire as to how many and where they're going. He's Vietnamese but explains the phones are going to China. He was taking delivery of 300 units and explained he's in every week. He was very open and friendly and because he made the comments in front of the staff I felt okay about confirming all of this with them.
Now, for anyone willing to look up my posts from the middle to late December, you'll see I was reporting then what I was witnessing in the three Hong Kong stores, organized chaos with lines for pre-orders winding around the enormous showroom. We can also agree that he's not floating the cash and taking the risk for no markup. So how can his model work if he's not getting a big lift on price... and since he must be, how can these items be short by any stretch.
Now I'll wait to learn that I'm a J*^&( lying, gay, corrupt, fake screen name fanboy from the maniacs - but for investors, take this narrative to heart.
So what your saying is no one where you live likes Apple`s Iphone that the Apple store knew a person from a different country would come in and buy what Americans dont want right? Sorry i find your dreamed up story hard to believe.
Thanks for the post. My wife's employer got 150 iPads in Dec. Bulk sales like that show that revenue and GP will be excellent. The AT&T store I checked had only 1 of the ipad minis left. Canibaliztion or not, gross margin on these devices is excellent.
The real advantage of excess demand in China is the pressure this exerts on China Mobile. They're losing significant share to their competitors and fast. Now that Apple is selling these phone 'unlocked', carriers will have to be more aggressive in acquisition and mitigation churn.
When I got my iPhone 5 I sold my 4S to an oriental guy who said he is selling them in China for $800 each, so I expect the iphone 5 will bring $1000? Regardless there is no shortage in demand if this is any indication.
you need to just get to the point. So u saying the guy bringing phones to China must have a market for it? maybe he knows a bunch of wealthy people who doesn't care what they pay for it and ask him to be a delivery boy. We know the upper class in China probably all have iphones...the issue is still 95% of the rest of the population. Wall Street analysts are all pumping the china story as well, so what you are saying is old story to the bull arguments...is just that in reality, Chinese consumers can't afford your average Iphone.