Apple explores moving 15-30% of production capacity from China

Malaysia among countries eyed by Apple to move production capacity

The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia. India and Vietnam are among the favorites for smartphones, Nikkei said, citing sources who did not want to be identified as the discussions are private.

https://youtu.be/mgh3vpa5bBE

https://youtu.be/2__TCPfES08

TOKYO: Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.

Apple's request was a result of the extended Sino-U.S. trade dispute, but a trade resolution will not lead to a change in the company's decision, Nikkei said, citing multiple sources.

The iPhone maker has decided the risks of depending heavily on manufacturing in China are too great and even rising, it said.

Earlier this month, credit rating agency Fitch said it views Apple, Dell Technologies Inc and HP Inc as potential blacklist candidates if China blacklists U.S. companies in retaliation for restrictions on Huawei.

Key iPhone assemblers Foxconn, Pegatron Corp, Wistron Corp, major MacBook maker Quanta Computer Inc, iPad maker Compal Electronics Inc, and AirPods makers Inventec Corp, Luxshare-ICT and Goertek have been asked to evaluate options outside of China, Nikkei reported.

The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia. India and Vietnam are among the favorites for smartphones, Nikkei said, citing sources who did not want to be identified as the discussions are private.

Last week, Foxconn said it had enough capacity outside China to meet Apple's demand in the American market if the company needed to adjust its production lines, as U.S. President Donald Trump threatened to slap further $300 billion tariffs on Chinese goods.

Analysts at Wedbush Securities said in a best case scenario Apple would be able to move 5%-7% of its iPhone production likely to India in the next 12 to 18 months.

Given the complexity and logistics involved, brokerage said, it would take at least 2-3 years to move 15% of iPhone production from China to other regions.

"We believe this is all a poker game and Apple will not diversify production out of China overnight and certainly a long-term US/China trade deal is key for Cook & Co to sleep well at night," Wedbush analysts said.

China is a key market for Apple as well as a major production center for its devices. The company got nearly 18% of its total revenue from Greater China in the quarter ended March.

Earlier in June, Trump met with Apple Chief Executive Officer Tim Cook to discuss trade and other hot-button issues facing the tech company as Trump deliberates whether to make good on his threat to hike tariffs on imports from China.

A group of more than 30 people from Apple's capital expense studies team have been negotiating production plans with suppliers and governments over monetary incentives that could be offered to lure Apple manufacturing, the report said.

A deadline has not been set for the suppliers to finalize their business proposals, Nikkei said, adding that it would take at least 18 months to begin production after choosing a location.

Apple and Foxconn did not respond to requests for comment. - Reuters

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Apple explores moving 15-30% of production capacity from China

Malaysia among countries eyed by Apple to move production capacity

The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia. India and Vietnam are among the favorites for smartphones, Nikkei said, citing sources who did not want to be identified as the discussions are private.

https://youtu.be/mgh3vpa5bBE

https://youtu.be/2__TCPfES08

TOKYO: Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.

Apple's request was a result of the extended Sino-U.S. trade dispute, but a trade resolution will not lead to a change in the company's decision, Nikkei said, citing multiple sources.

The iPhone maker has decided the risks of depending heavily on manufacturing in China are too great and even rising, it said.

Earlier this month, credit rating agency Fitch said it views Apple, Dell Technologies Inc and HP Inc as potential blacklist candidates if China blacklists U.S. companies in retaliation for restrictions on Huawei.

Key iPhone assemblers Foxconn, Pegatron Corp, Wistron Corp, major MacBook maker Quanta Computer Inc, iPad maker Compal Electronics Inc, and AirPods makers Inventec Corp, Luxshare-ICT and Goertek have been asked to evaluate options outside of China, Nikkei reported.

The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia. India and Vietnam are among the favorites for smartphones, Nikkei said, citing sources who did not want to be identified as the discussions are private.

Last week, Foxconn said it had enough capacity outside China to meet Apple's demand in the American market if the company needed to adjust its production lines, as U.S. President Donald Trump threatened to slap further $300 billion tariffs on Chinese goods.

Analysts at Wedbush Securities said in a best case scenario Apple would be able to move 5%-7% of its iPhone production likely to India in the next 12 to 18 months.

Given the complexity and logistics involved, brokerage said, it would take at least 2-3 years to move 15% of iPhone production from China to other regions.

"We believe this is all a poker game and Apple will not diversify production out of China overnight and certainly a long-term US/China trade deal is key for Cook & Co to sleep well at night," Wedbush analysts said.

China is a key market for Apple as well as a major production center for its devices. The company got nearly 18% of its total revenue from Greater China in the quarter ended March.

Earlier in June, Trump met with Apple Chief Executive Officer Tim Cook to discuss trade and other hot-button issues facing the tech company as Trump deliberates whether to make good on his threat to hike tariffs on imports from China.

A group of more than 30 people from Apple's capital expense studies team have been negotiating production plans with suppliers and governments over monetary incentives that could be offered to lure Apple manufacturing, the report said.

A deadline has not been set for the suppliers to finalize their business proposals, Nikkei said, adding that it would take at least 18 months to begin production after choosing a location.

Apple and Foxconn did not respond to requests for comment. - Reuters

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Huawei CEO Vows to 'Protest' If China Retaliates Against Apple ..

Huawei CEO says he would oppose  Chinese retaliation  against Apple  CNA

https://www.bloomberg.com/news/videos/2019-05-26/huawei-ceo-on-china-and-apple-video

The founder of the Chinese technology giant Huawei, Ren Zhengfei, has said in an interview with Bloomberg that he would be "the first to protest" if Beijing retaliates against the US-based tech giant Apple.

A Bloomberg reporter has asked the Huawei CEO in an interview whether he would retaliate against Apple amid "calls by some in China" to take countermeasures against the US company.

"That will not happen, first of all. And second of all, if that happens, I'll be the first to protest. Apple is the world's leading company. If there was no Apple, there would be no mobile internet. If there was no Apple to help show us the world, we would not see the beauty of this world. Apple is my teacher. It's advancing in front of us. As a student, why should I oppose my teacher? I would never do that", Ren Zhengfei has told Bloomberg in an interview, published on Sunday.

Huawei has been accused by several countries of being sponsored by the Chinese state and spying on its behalf through its devices.

Visitors walk past Huawei's booth during Mobile World Congress in Barcelona, Spain, February 27, 2017 © REUTERS / Eric Gaillard Huawei Crackdown: China Prepares Law That May Ban US Tech Firms From Its Market − Report

US President Donald Trump issued an executive order earlier in May that added Huawei and its 70 affiliates to a trade blacklist, thereby restricting its activity in the country. US companies are hence required to receive permission before trading with the telecom company.

As a result, Google had to suspend business operations with Huawei, including the transfer of all hardware, software and technical services, except those publicly available via open source licensing. This move has already impacted the telecom giant, with several mobile carriers, such as UK Vodafone and EE suspending their launches of new Huawei products.

READ MORE: LG Mocked After Bragging About 'Strong' Ties With Google Amid Huawei Crackdown

The standoff between Huawei and Apple was sparked by the December arrest of Huawei Chief Financial Officer Meng Wanzhou, the daughter of Huawei's founder in Canada, for alleged violations of US sanctions on Iran. Beijing decried the move and demanded that Canada immediately release the Chinese national.

In January, the Chinese telecom giant punished staffers who used an iPhone to send an official company tweet amid a standoff between the two tech giants. In an internal memo, published online by Chinese media, Huawei said those responsible were demoted and had their salaries slashed by $730.

Apple Warned of Troubles in China Amid US Crackdown on Huawei

Meanwhile, US Secretary of State Mike Pompeo claimed on Thursday that the Chinese tech giant allegedly had close links to not only the Chinese government but also to the Chinese Communist Party. He said that these ties significantly threatened any US-related information that passed via Huawei's devices. Pompeo also said the State Department expected more companies worldwide to cut ties with Huawei in the future.

The Chinese Foreign Ministry said Friday that Pompeo's remarks were made in an attempt to stir up ideological resistance against the company.

READ MORE: Huawei Threat Artificially Inflated by Radical US Politicians — Pundits

Last year, the United States, Australia, Japan, and New Zealand banned the company from participating in government contracts due to security concerns. Huawei has vehemently denied all allegations of spying.

Huawei has  repeatedly denied it is controlled by the Chinese government, military or intelligence services.

Ren also responded to critics who claim that Huawei got to where it is currently through intellectual property (IP) theft and government support.

"The US has not developed that technology so from where should I steal it?" he asked.

"We are leading the US. If we were behind, Trump would not need to make so many efforts to attack us." As the number of companies supplying Huawei with components and software falls, Ren added that Huawei would use its own products instead.

"The US manages its own companies. The US is not the international police - they can't manage the whole world. The rest of the world decides whether they should work with us based on their own business interests and positions," he said.

"If the US imposes further restrictions on us, we will reduce our purchases from the US and use more of our own chips. If American companies have permission from Washington to sell to us, we will continue to buy from them."


Last week, Trump also, for the first time,linked a dispute over Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war.

"Huawei is something that is very dangerous," Trump told reporters at the White House. "You look at what they've done from a security standpoint, a military standpoint. Very dangerous."

Ren told Bloomberg that there was no need for negotiation over the issue.

"The US has never bought products from us. Even if the US wants to buy our products in the future, I may not sell to them. There is no need for negotiation."

Source: Reuters/CNA/aa(mn)

Read more:

China's stand against US bullying helps Japan

It seems the world is spiraling into turbulence. All countries need to act prudently. They need to make as many friends as they can and avoid becoming tools of other countries. They should also cast aside illusions of using geopolitical methods to realize development goals that can't be achieved economically.

Europe pressed between China-US trade spat

---

As Huawei is pinned in the eye of the China-US trade war, French President Emmanuel Macron claimed Europe won't capitulate to US pressure to block the Chinese tech company. What is Europe's attitude toward US demands? What impact has the trade conflict caused for Europe?

US national security apparatus shows a grim face

Huawei CEO Vows to 'Protest' If China Retaliates Against Apple ..

Huawei CEO says he would oppose  Chinese retaliation  against Apple  CNA

https://www.bloomberg.com/news/videos/2019-05-26/huawei-ceo-on-china-and-apple-video

The founder of the Chinese technology giant Huawei, Ren Zhengfei, has said in an interview with Bloomberg that he would be "the first to protest" if Beijing retaliates against the US-based tech giant Apple.

A Bloomberg reporter has asked the Huawei CEO in an interview whether he would retaliate against Apple amid "calls by some in China" to take countermeasures against the US company.

"That will not happen, first of all. And second of all, if that happens, I'll be the first to protest. Apple is the world's leading company. If there was no Apple, there would be no mobile internet. If there was no Apple to help show us the world, we would not see the beauty of this world. Apple is my teacher. It's advancing in front of us. As a student, why should I oppose my teacher? I would never do that", Ren Zhengfei has told Bloomberg in an interview, published on Sunday.

Huawei has been accused by several countries of being sponsored by the Chinese state and spying on its behalf through its devices.

Visitors walk past Huawei's booth during Mobile World Congress in Barcelona, Spain, February 27, 2017 © REUTERS / Eric Gaillard Huawei Crackdown: China Prepares Law That May Ban US Tech Firms From Its Market − Report

US President Donald Trump issued an executive order earlier in May that added Huawei and its 70 affiliates to a trade blacklist, thereby restricting its activity in the country. US companies are hence required to receive permission before trading with the telecom company.

As a result, Google had to suspend business operations with Huawei, including the transfer of all hardware, software and technical services, except those publicly available via open source licensing. This move has already impacted the telecom giant, with several mobile carriers, such as UK Vodafone and EE suspending their launches of new Huawei products.

READ MORE: LG Mocked After Bragging About 'Strong' Ties With Google Amid Huawei Crackdown

The standoff between Huawei and Apple was sparked by the December arrest of Huawei Chief Financial Officer Meng Wanzhou, the daughter of Huawei's founder in Canada, for alleged violations of US sanctions on Iran. Beijing decried the move and demanded that Canada immediately release the Chinese national.

In January, the Chinese telecom giant punished staffers who used an iPhone to send an official company tweet amid a standoff between the two tech giants. In an internal memo, published online by Chinese media, Huawei said those responsible were demoted and had their salaries slashed by $730.

Apple Warned of Troubles in China Amid US Crackdown on Huawei

Meanwhile, US Secretary of State Mike Pompeo claimed on Thursday that the Chinese tech giant allegedly had close links to not only the Chinese government but also to the Chinese Communist Party. He said that these ties significantly threatened any US-related information that passed via Huawei's devices. Pompeo also said the State Department expected more companies worldwide to cut ties with Huawei in the future.

The Chinese Foreign Ministry said Friday that Pompeo's remarks were made in an attempt to stir up ideological resistance against the company.

READ MORE: Huawei Threat Artificially Inflated by Radical US Politicians — Pundits

Last year, the United States, Australia, Japan, and New Zealand banned the company from participating in government contracts due to security concerns. Huawei has vehemently denied all allegations of spying.

Huawei has  repeatedly denied it is controlled by the Chinese government, military or intelligence services.

Ren also responded to critics who claim that Huawei got to where it is currently through intellectual property (IP) theft and government support.

"The US has not developed that technology so from where should I steal it?" he asked.

"We are leading the US. If we were behind, Trump would not need to make so many efforts to attack us." As the number of companies supplying Huawei with components and software falls, Ren added that Huawei would use its own products instead.

"The US manages its own companies. The US is not the international police - they can't manage the whole world. The rest of the world decides whether they should work with us based on their own business interests and positions," he said.

"If the US imposes further restrictions on us, we will reduce our purchases from the US and use more of our own chips. If American companies have permission from Washington to sell to us, we will continue to buy from them."


Last week, Trump also, for the first time,linked a dispute over Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war.

"Huawei is something that is very dangerous," Trump told reporters at the White House. "You look at what they've done from a security standpoint, a military standpoint. Very dangerous."

Ren told Bloomberg that there was no need for negotiation over the issue.

"The US has never bought products from us. Even if the US wants to buy our products in the future, I may not sell to them. There is no need for negotiation."

Source: Reuters/CNA/aa(mn)

Read more:

China's stand against US bullying helps Japan

It seems the world is spiraling into turbulence. All countries need to act prudently. They need to make as many friends as they can and avoid becoming tools of other countries. They should also cast aside illusions of using geopolitical methods to realize development goals that can't be achieved economically.

Europe pressed between China-US trade spat

---

As Huawei is pinned in the eye of the China-US trade war, French President Emmanuel Macron claimed Europe won't capitulate to US pressure to block the Chinese tech company. What is Europe's attitude toward US demands? What impact has the trade conflict caused for Europe?

US national security apparatus shows a grim face

Why does the West fail to understand China? The West misreads, China is rising, said Cambridge Prof

https://youtu.be/oiGm2E8BaC4

Martin Jacques
Martin Jacques (2012)
Born	1945 (age 73–74) Coventry, England, Great Britain, U.K
Nationality	British
Education	King Henry VIII School, Coventry
Alma mater	University of Manchester (B.A.) University of Cambridge (PhD)
Occupation	Editor, academic, author
Website	MartinJacques.com

Inside HUAWEI after Trumps BAN - HongMeng OS is coming !

https://youtu.be/lnVKcbDPsho


Apple vs Huawei: The Fall of a Giant

https://youtu.be/6PQCuMOygVQ

"What China Will Be Like As A Great Power" : Martin Jacques Keynote (32nd Annual Camden Conference)

https://youtu.be/uBjvklYLShM

中國是世界上唯一的文明！

< https://youtu.be/XixqLWWTeEw

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华为不惧美国封杀 美式霸凌失道寡助！Huawei's goodwill gesture being treated unscrupulously by the US !

https://youtu.be/hRv0QMEwdas https://youtu.be/dtT0rHgJ9-I 《今日关注》是CCTV中文国际频道播出的时事述评栏目。该栏目紧密跟踪国内外重大新闻事件，邀请国内外一流的专家和高级官员梳理新闻来龙去脉，评论新闻事.

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Huawei does not need US chips: CEO on Trump export ban

Huawei Technologies CEO Ren Zhengfei says Huawei would be "fine" even if Qualcomm and other American suppliers would not sell .

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https://youtu.be/oiGm2E8BaC4

Martin Jacques
Martin Jacques (2012)
Born	1945 (age 73–74) Coventry, England, Great Britain, U.K
Nationality	British
Education	King Henry VIII School, Coventry
Alma mater	University of Manchester (B.A.) University of Cambridge (PhD)
Occupation	Editor, academic, author
Website	MartinJacques.com

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https://youtu.be/lnVKcbDPsho


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https://youtu.be/6PQCuMOygVQ

"What China Will Be Like As A Great Power" : Martin Jacques Keynote (32nd Annual Camden Conference)

https://youtu.be/uBjvklYLShM

中國是世界上唯一的文明！

< https://youtu.be/XixqLWWTeEw

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华为不惧美国封杀 美式霸凌失道寡助！Huawei's goodwill gesture being treated unscrupulously by the US !

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Tariffs won’t make US firms produce in US

https://youtu.be/gEmu3Dz--bM

"It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units," automaker Ford Motor Company said in a statement on Sunday.

US President Donald Trump tweeted earlier on Sunday that "'Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the US because of the prospect of higher US Tariffs.' CNBC. This is just the beginning. This car can now be built in the USA and Ford will pay no tariffs!" Ford quickly clarified the facts, evidently rebuffing Trump's tweet.

Likewise, tech giant Apple Inc. wrote a letter to US Trade Representative Robert Lighthizer, saying that a proposed 25 percent tariff on $200 billion of Chinese imports would cover a "wide range of Apple products."

In another tweet, Trump told Apple to make their products in the US instead of China. Apple hasn't responded.

According to the US media, the price of iPhone may increase to $2,000 if the company does as told.

The multinational companies that produce automobile and mobile phones have different manufacturing and sales layouts. Car manufacturers tend to produce their products where they are sold, while mobile phone manufacturers optimize their production chain costs worldwide. That's the natural law of economic globalization which can't be easily changed by a country's government.

The White House lacks understanding of the global production and value chains. "Make your products in the United States instead of China" seems naive. Instead of coercing companies to follow demands, imposing tariffs will only scare them off.

Simply making US companies produce in the US can't deal with the complicated global industry today. We have also learnt from history that neither side will gain in a trade war.

China is the world's largest automobile and mobile phone market. Setting tariff barriers between Beijing and Washington won't make US companies give up on China for the sake of their own country. As long as China doesn't make things hard for US companies, it's unavoidable that they will place production operations in China. The Chinese market can help them make money, but the White House can't.

Most American high-tech companies will face difficulties if they leave China. The larger the market is, the higher return the companies will get from their research and development. High-tech companies, if they can't grow to be giant, don't usually survive for long, and it would be fatal for many of them to lose the Chinese market.

There hasn't been a previous US government that dares to instruct multinational companies in production layouts, and the current administration has overestimated its executive power. The global industrial chain today is formed by market rules established over decades and can't be easily changed by one government.

It would be the White House's dream to expect that the US is not only the world's technology and financial center, but also the world's factory that sells its products globally. If the US doesn't want to wake up from this dream, then the outside world has to step in and rouse Washington.

Source:Global Times

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Tariffs won’t make US firms produce in US

https://youtu.be/gEmu3Dz--bM

"It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units," automaker Ford Motor Company said in a statement on Sunday.

US President Donald Trump tweeted earlier on Sunday that "'Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the US because of the prospect of higher US Tariffs.' CNBC. This is just the beginning. This car can now be built in the USA and Ford will pay no tariffs!" Ford quickly clarified the facts, evidently rebuffing Trump's tweet.

Likewise, tech giant Apple Inc. wrote a letter to US Trade Representative Robert Lighthizer, saying that a proposed 25 percent tariff on $200 billion of Chinese imports would cover a "wide range of Apple products."

In another tweet, Trump told Apple to make their products in the US instead of China. Apple hasn't responded.

According to the US media, the price of iPhone may increase to $2,000 if the company does as told.

The multinational companies that produce automobile and mobile phones have different manufacturing and sales layouts. Car manufacturers tend to produce their products where they are sold, while mobile phone manufacturers optimize their production chain costs worldwide. That's the natural law of economic globalization which can't be easily changed by a country's government.

The White House lacks understanding of the global production and value chains. "Make your products in the United States instead of China" seems naive. Instead of coercing companies to follow demands, imposing tariffs will only scare them off.

Simply making US companies produce in the US can't deal with the complicated global industry today. We have also learnt from history that neither side will gain in a trade war.

China is the world's largest automobile and mobile phone market. Setting tariff barriers between Beijing and Washington won't make US companies give up on China for the sake of their own country. As long as China doesn't make things hard for US companies, it's unavoidable that they will place production operations in China. The Chinese market can help them make money, but the White House can't.

Most American high-tech companies will face difficulties if they leave China. The larger the market is, the higher return the companies will get from their research and development. High-tech companies, if they can't grow to be giant, don't usually survive for long, and it would be fatal for many of them to lose the Chinese market.

There hasn't been a previous US government that dares to instruct multinational companies in production layouts, and the current administration has overestimated its executive power. The global industrial chain today is formed by market rules established over decades and can't be easily changed by one government.

It would be the White House's dream to expect that the US is not only the world's technology and financial center, but also the world's factory that sells its products globally. If the US doesn't want to wake up from this dream, then the outside world has to step in and rouse Washington.

Source:Global Times

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New iPhone alert: Apple to unveil new devices on Sept 12

Trade data shows US economy rejects trade war

The decline in trade will affect both China and the US. It is not only China that will bear the consequences.

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China should give up the illusion of persuading Australia to stop containing China together with the US. Instead Beijing should let Canberra calm down and rethink.

China-Africa cooperation charts a new path of mutual benefits

The Chinese people must cherish what the country has earned them. China has no alternative but to continue to learn how to deal with the world in the 21st century. 

Xi's China-Africa guidelines are the keys to the new global paradigm

The "five-no" and "four-can't" are truly inspiring. They correct the concepts of rights and point to the justice of the day. President Xi's points will definitely leave a deep mark on the history of relations between the African continent and China, and the entire world. 

West's sour grapes at China-Africa cooperation

The possibility of the West leading the collaboration with the continent again always exists as long as they do not get their heads jammed by a geopolitical mind-set. 

China-N.Korea friendship benefits whole region

The US, South Korea and Japan must clarify what exactly they want on the Korean Peninsula. They cannot have everything, especially things that contradict each other. If the US wishes for denuclearization and peace on the peninsula, it would see the value of China-North Korea ties and support them.

The Death of the iPhone

http://www.angelnexus.com/o/web/126008

When I first predicted the "death of the iPhone" in January 2016, most people just laughed.

But when Apple reported its first-ever decline in iPhone sales just three months later, many began to quiet down and listen.

Now, even Tim Cook is recognizing the slowdown, after posting a surprise sales decline in second-quarter earnings this week.

According to Apple's own CEO:

"We're seeing what we believe to be a pause in purchases on iPhone."

Cook has his own theories, but he's missing the bigger picture. Apple has failed to innovate, and it's costing the company a fortune.

Many are banking on the iPhone 8, but the truth is even it won't stand up to what's coming next::

Simply put, the age of the iPhone is coming to an end...

And the age of augmented and virtual reality is just around the corner.

For investors, that means a once-in-a-lifetime opportunity you don't want to miss.

Good Investing,

Jason Stutman
Investment Director, Technology and Opportunity 


Related posts:

One phone to rule all; Fintech, the healthy disruptors of forex

Apple wins $1bn in US while Samsung wins in Korea; it may reshape the free Google Android system

The Death of the iPhone

http://www.angelnexus.com/o/web/126008

When I first predicted the "death of the iPhone" in January 2016, most people just laughed.

But when Apple reported its first-ever decline in iPhone sales just three months later, many began to quiet down and listen.

Now, even Tim Cook is recognizing the slowdown, after posting a surprise sales decline in second-quarter earnings this week.

According to Apple's own CEO:

"We're seeing what we believe to be a pause in purchases on iPhone."

Cook has his own theories, but he's missing the bigger picture. Apple has failed to innovate, and it's costing the company a fortune.

Many are banking on the iPhone 8, but the truth is even it won't stand up to what's coming next::

Simply put, the age of the iPhone is coming to an end...

And the age of augmented and virtual reality is just around the corner.

For investors, that means a once-in-a-lifetime opportunity you don't want to miss.

Good Investing,

Jason Stutman
Investment Director, Technology and Opportunity 


Related posts:

One phone to rule all; Fintech, the healthy disruptors of forex

Apple wins $1bn in US while Samsung wins in Korea; it may reshape the free Google Android system