Silver as an investment

Category Archives: Apple Store

Apple To Dump Qualcomm Chips As iPhone 8 Sales Collapse In China

The bitter legal dispute between Apple and Qualcomm has escalated sharply overnight as the former designs out Qualcomm components from future products. According to the WSJ, Apple, locked in an intensifying legal fight with Qualcomm, is designing iPhones and iPads for next year that would jettison the chipmaker’s components. Apple is considering building the devices […]

Retail Rout Returns (But Don’t Blame Amazon)

Authored by Mike Shedlock via MishTalk.com, JCPenney announced a $62 million dollar loss for the quarter. With the announcement, its share price plunged 16% breaking the $4 barrier for the first time. Stocks under $5 are considered “penny” stocks. This was the worst week for Retailers since Dec 2016… Please consider JCPenney Nosedives to All-Time Low on […]

Amazon isn’t the No. 1 villain in retail sector’s demise

Retail stocks have been annihilated recently, despite the economy eking out growth. The fundamentals of the retail business look horrible: Sales are stagnating and profitability is getting worse with every passing quarter. Jeff Bezos and Amazon get most of the credit, but this credit is misplaced. Today, online sales represent only 8.5 percent of total […]

Apple Announces $1 Billion Fund For U.S. Manufacturing Jobs – Is $230 Billion Repatriation Deal Next?

Yesterday in an interview with CNBC’s Jim Cramer, Apple ($AAPL) CEO Tim Cook said the tech giant would be devoting $1 billion to promote “advanced manufacturing” jobs in the United States. “We’re announcing it today. So you’re the first person I’m telling,” Cook told “Mad Money” host Jim Cramer on Wednesday. “Well, not the first person because we’ve talked to […]

“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017

        “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”         – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar […]

What The Hell Is Going On?

Via Jim Quinn of The Burning Platform blog, “The older I grow, the more I distrust the familiar doctrine that age brings wisdom.” –  H.L. Mencken   “The older I get the less I listen to what people say and the more I look at what they do.”– Andrew Carnegie I’m 53 years old. The […]

Trump Wins? Foxconn Looks To Make iPhones In America

Donald Trump exclaimed that “we’re going to get Apple to build their damn computers and things in this country instead of in other countries,” in January, and now as Nikkei reports, Key Apple assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, has been studying the possibility of moving iPhone production to America. […]