Nikkei Asia Review just hit the headlines with a story that
This is the same old news that has been hitting Apple for the last few months if not more.
However, as long as investors continue to react negatively to the regurgitated news, the hits will keep on coming.
What is new is that the site is reporting that inventories have piled up at retailers in markets in China, Japan, Europe and the U.S.
That is news to me for sure.
Everything I have read in research reports and heard about anecdotally does not indicate any major issues with inventories, however, if that is now becoming an issue as well, maybe Tim Cook needs to step down as CEO like the analyst at Global Equities suggested over the weekend and resume his old operational or supply chain guru position.
Of course, the unvested stock grants/options will have to be returned first, no?
For Apple, the hits keep on coming.
Cest la vie.
Maybe, its time to ignore this issue going forward?
However, the old adage "where there's smoke, there's usually a fire" does come to mind.
With Apple, the smoke has been relentless indeed.
(Long Apple, long and short options)
