Unbelievable, they can not come up with a real news story about Apple for FoxConn, so they find one $5 an hour flunkie and do a news story about what he thinks, what's next are they going to interview the janitor at Exxon.......
Sentiment: Strong Buy
$5 an hour? More like $1.50. It is rather obvious that asian journalists are trolling through FoxConn parking lots with $20 bills hoping to find anyone who will say something negative about Apple. That way they can take their Samsung bribes for bashing Apple and have enough cover so they can't be sued for slander.
Apple stores are empty. If apple wants to fill them they need a retina mini asap and a #$%$ 4.7" or larger iphone. This is an epic fail by Tim Cook and the board. They do nothing to help the stock and nothing to help the company either. A larger iphone should have been the iphone 5. Now they are a good year behind. In tech you don't want to be playing catch up all the time
the day that CNBC can actually find a REAL scoop will be the day that they can pull their collective heads out of the sand.
I really can't imagine how anyone .... i mean ANYONE ..... would fall for this pseudo-journalism. (other than boiler room dweebs on this board, that is.)
The important thing is ..... the business leaders in the industry are functioning day-in, day-out, as usual ... without any negative impact wrought by CNBC .... !!!
Let's see so should we believe one worker or the representative of the company who said this is a normal business cycle, too funny.
FoxConn, though, said in a statement to CNBC that 97 percent of its employees returned to the Shenzhen factory after the Lunar New year holiday, which was in February. However, it did acknowledge that the season following the new year was normally slow.
"The post-Lunar new year period has always been considered low season in the consumer electronics industry," FoxConn said in a statement.
It is rather amazing how out of thin air people have created this alternate universe where the demand for Apple products suddenly stopped. Very strange.
Well, not so strange when you see things like a marketing company called Added Value that came out with a study claiming that Apple is becoming less inspiring. While journalists jumped all over this "story" what they failed to mention is that Added Value is one of Samsung's ad agencies. Samsung is spending a ton of money in an effort to destroy Apple's image.