Farhad Manjoo of the NYT explains the why the usual pattern seems to be happening with Apple:
“Analysts’ estimates vary wildly, with many originally predicting that Apple sold three million to five million watches from April to the end of June. After studying Apple’s opaque earnings report, several analysts revised their estimates down to about 1.5 million to three million watches. Even at the lower end, that’s the opposite of instant death: Luca Maestri, Apple’s chief financial officer, pointedly said the watch sold more in its first nine weeks on the market than either theiPhone or the iPad did in that same period.
Yet the future of the Apple Watch will not be determined by first-quarter sales. Apple’s product debuts tend to follow a well-worn script: A first-generation device is always criticized as overpriced and a bit lacking in utility and is often vulnerable to the charge that it is a solution in search of a problem. Then, over a few years, Apple and its customers figure out the best uses for the gadget, and the company methodically improves design and functionality to meet those needs. It also tends to lower its prices. Correspondingly, sales explode.”
Friday’s U.S. housing starts data showed new-home construction last month rose to its second-highest level since 2007, with much of that gain being driven by apartment projects. While that’s good news for the growing number of Americans eschewing homeownership, it could also mean the housing market improvement packs a slightly smaller economic punch, according to…Read More
@TBPInvictus Among the more overlooked data sources out there is the Federal Reserve’s Survey of Consumer Finances (SCF). My guess as to why it’s overlooked is that it’s only published triennially – not exactly a high frequency release. The most recent (2013) update was issued last September. As I saw very few, if any, write-ups…Read More
Start your first day of the week with our slow brewed Sunday morning reads: • Why European Earnings Will Power Past U.S. (Bloomberg) • U.S. Markets Are an Oasis for Buy-and-Hold Investors (NYT) • It’s Hard to Bet Against Houses (Bloomberg View) • Gold is Dead, Long Live Gold: Heavy is the head that wears the crown. (Market Anthology) • Amazon and Apple Take…Read More
Category: Financial Press
Watch the new trailer for SPECTRE. A cryptic message from the past sends James Bond on a rogue mission to Mexico City and eventually Rome, where he meets Lucia Sciarra (Monica Bellucci), the beautiful and forbidden widow of an infamous criminal. Bond infiltrates a secret meeting and uncovers the existence of the sinister organisation known as SPECTRE.
Meanwhile back in London, Max Denbigh (Andrew Scott), the new head of the Centre for National Security, questions Bond’s actions and challenges the relevance of MI6, led by M (Ralph Fiennes). Bond covertly enlists Moneypenny (Naomie Harris) and Q (Ben Whishaw) to help him seek out Madeleine Swann (Léa Seydoux), the daughter of his old nemesis Mr White (Jesper Christensen), who may hold the clue to untangling the web of SPECTRE. As the daughter of an assassin, she understands Bond in a way most others cannot.
As Bond ventures towards the heart of SPECTRE, he learns of a chilling connection between himself and the enemy he seeks, played by Christoph Waltz.
How’s your macro? Not too good? Terrible? Unsure what that even means? Let’s start here: Macro refers to the large geopolitical moments, and the natural and man-made disasters, that some investors track as potential market moving events. Large economic trends or reversals, diplomatic breakthroughs, political crises and even war are all macro events. Think: a…Read More
This week on our Masters in Business radio podcast, we speak with international economist Dambisa Moyo. Time Magazine named her as one of the “100 Most Influential People in the World.” After getting a B.S. in Chemistry and an MBA in finance from American University, Moyo received her MPA from Harvard University’s Kennedy School and her Ph.D….Read More
I thought things were supposed to quiet down over the Summer? (Apparently not). Pour yourself some cold brewed iced coffee, and settle in for our long form weekend reads: • The Genesis Engine: We now have the power to quickly and easily alter DNA. (Wired) • Robo Advisers to Run $2 Trillion by 2020 if This…Read More
Category: Financial Press