Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund, Divorce, Maintenance, Personal Injury, Medical Negligence
Home - Recent Entries

Apple takes a fall

Most of you are no doubt aware of the big stumble in the Apple share price during the end of 2018 and again on 3 January 2019.  Subsequent to that it improved a bit but is still about 30% down from its highs of last year.  Apple blames a reduction in iPhone sales in China saying that, amongst other things, existing customers are sticking with older models but just getting new battery replacements for their iPhones.   

Analysts say that the problem is that Apple is charging too much for its phones now and that is putting off many people, in particular the Chinese.  The iPhone still brings in two-thirds of Apple’s profits and so, when the company warned on 3 January 2019 that its results in China were looking bad the share went down 10% alone on that day.  One of the investors who will be hurt by the big drop is Warren Buffett, who invested in Apple at a late stage – probably more than twice the price I sold my Apple shares for after making a profit.  Of course, that means I sold my Apple shares too early, but Warren Buffett, who often complained that he did not understand the technology shares like Google, got involved in Apple very late.   

Having said that, I have always seen a particular tendency in the market, particularly with American shares, where for a while they praise they can do no wrong and then for about 6 months everyone talks them down saying how bad they are and after that they talk them back up again.  I would imagine people buying Apple shares at round about the current prices, while they will not make huge profits, are likely to see some gains.   

*I am not an investment advisor and you should discuss any investments you make with your investment advisor and not rely on my thoughts and opinions in this blog. 

Posted by Michael de Broglio on Friday 01-Mar-19 Share on Facebook   Tweet It

Post a Comment
Comments

Natasha  said:
on Tuesday 19-Mar-19 08:10 AM
I am not a fan of the apple brand they are very expensive and then the whole setup of a apple phone just makes me confused maybe if they drop their prices a bit things will go better with them.

Helen  said:
on Friday 15-Mar-19 08:20 AM
iPhones are always have been more expensive on the market compare to other brands. I would say that the quality of them is a lot better. I would like to have one, but can not afford it yet. I think South African market is also overprice them!

Daniella  said:
on Wednesday 13-Mar-19 12:24 PM
I really do love the apple brand however it is ridiculously expensive- I read an article that the production cost of the newest Iphone is $395 which is around R5,662.82
and sold for R30,000.00. Their profits are massive!

Ashleigh  said:
on Wednesday 13-Mar-19 09:16 AM
My daughter has an apple, she loves it but the spares alone for that phone cost as much as buying a new phone. They really need to re-look at their prices on their devices.

Lucretia  said:
on Tuesday 12-Mar-19 04:57 PM
I have never owned an Apple and I must be honest, the cost of them has always made me wonder why would I want to spend that kind of money, especially in a country like South Africa where crime is so high.

Zandelee  said:
on Monday 11-Mar-19 08:26 AM
I do not own one apple device. I believe that they are overprized and that other phone and laptop makes are equally as good as them and available at a cheaper price.

Angelica Canosa  said:
on Thursday 07-Mar-19 06:15 PM
Apple needs to come up with new technology to keep up with samsung and huawei. Although I still love apple and haven't been open minded to other brands.

Joyce  said:
on Wednesday 06-Mar-19 05:04 PM
I think Apple takes a fall because of its being expensive and think that its existing customers realized that it is better if they stick with older models.

courtney  said:
on Wednesday 06-Mar-19 12:24 PM
I'm not a fan of Apple. It's a very good make and it has a good name but it's way to expensive. Nowadays people only buy a phone/tablet for the quality of the camera.

Angelique Jurgens  said:
on Wednesday 06-Mar-19 09:40 AM
I must admit I was tempted into giving into the huawei p20 purely because of the camera. I then after many years decided to remain loyal and make the leap from a 6s to the Iphone XS. Also my apple watch would be pointless with a huawei and then I would feel as if I wasted money buying it. I must say the only big noticeable difference is the size of it and the camera quality. I don't think I will be upgrading when it is time to upgrade but I wont rule out a different brand.

Alexis  said:
on Tuesday 05-Mar-19 02:54 PM
I have never seen the interest in Apple...they are too expensive and even a simple thing og getting music on you phone costs you. I am not surprised to hear they are not doing too well - but it could just be as all usually is....a fad and people are over it now....they will have to bring out a product that is different to what they have already done to bring attention to themselves once again

Victoria  said:
on Monday 04-Mar-19 04:52 PM
I definitely agree that Apple is expensive so i understand why people are sticking to older models and just getting a new battery. There are many new and amazing phones being released lately and i think apple has a lot of competition between the other brands. Also like other people have said below you are paying for the name Apple.

Fikile  said:
on Monday 04-Mar-19 12:15 PM
Most people are starting to use the latest phones that are more complicated i mean the ones that can challenge their mentality and don't keep take too much of their DATA or even money for Apps and more.

Bianca N  said:
on Monday 04-Mar-19 09:55 AM
Because Apple is such a huge name, their products are expensive. But I think that maybe their prices are now ridiculous even to those who used to buy the latest products as soon as it was released.

brumilde  said:
on Monday 04-Mar-19 08:16 AM
Apple is an expensive brand, you pay for the name, but the quality and the effort they put in their products these days is terrible. Lets just add another cameras to the phone , mark it as the newest and best and mark up the price. No innovation. We want the phone of the future . We want apple to show us here is a holographic phone that is implanted in your skin and checks your health and vitamins and can tell you if you have cancer.

Michelle Smillie  said:
on Friday 01-Mar-19 01:11 PM
I agree with David, I think the passing of Steve Jobs had a big effect on them, one that can be reversed but will likely take some time, and where money is involved, time is a very tricky thing to play around with.

david  said:
on Friday 01-Mar-19 12:39 PM
apple's main problem is the lack of steve jobs.

Home

Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
Have you been injured in a motor accident?
Recent Settlements
Lumbar spine compression fractures R2 500 000.00
Severe hip fracture requiring total hip replacements R3 305 000.00
Head injury with disfiguring facial scaring of a young female R4 000 000.00
Whiplash and compression fracture of the spine R4 000 000.00
Broken Femora R1 914 416.00
Broken Femur and Patella R770 881.15
Loss of Support for two minor children R2 649 968.00
Fracture of the right Humerus, fracture of the pubi rami, abdominal injuries, head injury R4 613 352.95
Fracture of the right femur, Fracture of the right tibia-fibula R1 200 000.00
Broken Jaw, Right Shoulder Injury, Mild head injury R1 100 000.00
Degloving injuries to the hips, legs and ankle R877 773.00
Head injury R 2 734 295.12
Fractured pelvis R1 355 881.53
Damaged tendons in left arm R679 688.03
Fractured left hand R692 164.48
Amputated right lower leg with loss of income R3 921 000.00
Fractured left foot R600 000.00
Head injury and multiple facial fractures R5 000 000.00
Head injury, compound fracture right femur, right tib and fib fracture, and injury to the spleen R4 529 672.06
Head injury, multiple facial fractures, collapsed lung and a fracture to the right frontal bone R2 890 592.77
Loss of support R5 144 000.00

 


Archives
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018


Johannesburg Web Design South Africa