NHK news did a report on the chinese spending during the new year
according to NHK report, the chinese are NOT spending big time on luxury items as they used to, due to anti-corruption law, plus, they're trending toward saving due to less jobs created in China. The thing about the Chinese is that on the 1st day of the year and they don't spend, it means the rest of the year, they won't spend. Iphone is a luxury items to them, and most likely they're going for a cheaper Chinese model, that is if they're willing to spend at all.
so what does that mean, well, I bought in at $17.01 a few days ago, I have a chance this morning to make my profit, so I'm out. all stocks have risk, but this one really shows.