The Macalope Weekly: Perspective
What is it about Apple that causes people to lose all sense of perspective? And is there any way we can bet on the leaps of logic taken? Because some of them would be pretty awesome if these analysts and pundits were jumping over barrels or buses or flames instead of logic.
Leaps of logic
It’s astounding to the horny one how many decisions on Wall Street appear to be made on little information. Talk about an institution in need of some perspective. Some analyst makes a pronouncement, like that iPhone 5 demand must be soft because Apple is reducing orders for parts, and people run around like the proverbial headless poultry. At least some on Wall Street manage to keep their heads:
[Topeka Capital Markets’ Brian] White acknowledged in a note to clients on Tuesday that there have been cuts made recently in Apple’s supply chain, but he says the Street has the reasoning all wrong. iPhone 5 demand isn’t cooling, the analyst contends—instead, some Apple partners are having trouble building enough components and Apple has been forced to cut orders from other suppliers as a result. Put plainly, White says, “we believe the doomsday scenarios painted over the past week are inaccurate.”
The Macalope isn’t a fancy-pants Wall Street analyst with connections at Asian parts suppliers, but this softening demand scenario seemed awful fishy to him considering that, as recently as two weeks ago, you still had a wait a few days to get an iPhone 5. Does that sound like a phone that’s having a popularity problem?
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