The only reason to get an iPhone Air seems to be to show off that you have an iPhone Air. Otherwise, there doesn't seem to be any practical reason not to get the iPhone 17 Pro if you have an extra $100.

Just for background: These actions are targeted against Chinese companies, in the continued battle by Indian government to fight against recent land grab near Himalayas by Chinese Army and long term economic war e.g., New Silk Road, Trade Deficit etc.

also india has one of the worlds largest muslim populations, and india is also the most populous democracy in the world.

most people forget that india has been one of the most vocal countries regarding the persecution of the chinese muslim population. more so than for example turkey, pakistan, saudi, even US and EU has not said much about the muslims being put into concentration camps.

i would say blocking apps and starting sanctions would be the logical steps to take. much better than waging war i would say.

So you are saying the current Indian goverment cares more about the wellbeing of Muslims in Xinjiang than Muslims in India?

(I don't want to diminish the awful things going on in Xinjiang, but I think giving the rest of what Modi does this would be more cynically down by the Indian government than you make it out to be.)

no im not saying that at all. i said what i said, you drew a simplistic conclusion based on what i said which fit your own narrative: "but I think giving the rest of what Modi does this would be more cynically down by the Indian government than you make it out to be."

not sure what any of that had to do with what i said, i was not trying to make out anything. i was simply stating that something that can be added to this perspective regarding OPs post, is that there are simultaneous forces at play. you do understand that two things can happen at the same time right? one does not negate another?

How did you arrive to this analysis of his comments?

The Government pretty much caused this.

https://en.wikipedia.org/wiki/2020_Delhi_riots

It'd have been awesome if that was the reason.

> against recent land grab near Himalayas by Chinese Army

This seems like a strange qualification considering the Line of Actual Control (https://en.wikipedia.org/wiki/Line_of_Actual_Control) hasn't changed since 1959. Even after the war of 1962, the Chinese side withdrew back to the 1959 line of control. How does China execute a "land grab" while never crossing the line of control according to Modi? (https://www.hindustantimes.com/india-news/chinese-troops-did...)

"If you want to know who rules over you look at who you are not allowed to criticize"

You can criticize China, but then you lose their dollars.

So in the end, the thing that rules over you is actually money.

There's a difference between a who and a what.

Also consider: you can ask a PRC official what they think, and you'll get a response. Try to do the same thing to a pile of money? Crickets.

That's not obvious at all in any place in the world.

Same as China and USA. China can criticize USA, but they will lose money.

Except when they need to buy anything from China. Or are all those factories an illusion as well?

Isn't that conducted in dollars?

Just as a heads up, this statement is often used as an anti-Semitic canard. You obviously didn’t mean it in that context, but you may want to use that quotation with caution.

Can you explain a little context behind this? I am not Jewish so I am just purely curious as to why it would be anti-Semitic.

There's some disagreement over who originally made up the quote, but it may have been a neo-Nazi named Kevin Strom.

You are free to do anything you want. You just have be responsible for the result. It is just how everything works.

This can only become partly true if you're using a definition of "free" that's so broad, it becomes meaningless. Even then, we all live in societies that preclude us from choosing to do certain things. In the US, I can't buy anything from North Korea, for example.

Not sure if you have been to India but the "cash woes" were gone more than a year ago :) Patanjali products are selling well because people like the products and Patanjali doesn't seem to be driven by profit-motives ATM, thus leading to lower prices.

Well that's true if you redefine 'year', 'woe' 'profit-motives' etc -- a necessary skill to have to support current government's narratives.

http://www.business-standard.com/article/economy-policy/atms...

https://timesofindia.indiatimes.com/city/hyderabad/atms-run-...

Stock is already down 6.31% in aftermarket! Geez

Is there a reason why stock would drop so much? Did they fail to hit some target?

Below expectations (Previous Quarter results and current quarter projections):

Here's what analysts are expecting, via the Bloomberg Terminal.

Revenue: $49.4 billion EPS: $1.81 iPhone units: 48.8 million (whisper number is 50 million) iPad units: 10.9 million Mac units: 4.9 million Revenue guidance: $51.06 billion

At most very slightly below, right?

Revenue and EPS are actually better in their earnings report.

The only thing that’s worse is that they sold 1.3 million fewer iPhones and .1 million fewer Macs. iPads are right on. Revenue guidance is $49b to $51b.

This always happens with Apple, although I admit that 6.31% is a bit on the high side.

In general, Wall Street doesn't act the slightest bit rationally around Apple. No matter how record-breaking Apple's numbers are, there's always some insane analyst that projected even higher numbers, which means everybody then reports Apple as a "miss" (even though they always beat their own estimates, and meet or beat all of the sane analyst predictions, which is most of them). And since it's a "miss", stock drops.

Really, what's more shocking is those very rare times when the stock climbs after-hours after an earnings report (or after the WWDC keynote or the annual September event).

Stock tends to over-react in after-hours trading, I think. I don't do any after-hours trading, but it seems like it usually settles in someplace before market open the next day. I'm not saying it will or anything, but that seems to happen immediately after an earnings report is dropped.

expected 49-51b revenue. rev was at 49.6. i think aapl has been beating rev estimates for a while, while this one was right in the low end of expected

edit: was incorrect on my numbers.

spiralpolitik: Expected revenue for Q3 was 46-48b (see Q2 earnings press release). So they beat the estimate by 1.6 billion. The 49-51b number is the Q4 estimate.

From the press release (emphasis mine):

The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. (...) Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter.

Investor conclusion: Apple is not doing so well. There is something wrong with the stock market when a company post record profits, almost 40% margin (on electronics) and that's seen as an omen.

I understand it is the opposite, brokers bet earlier that the results would be even better and are now unloading the bets at a lower price (causing the market correction) but even so it is amazing how detached stock brokerage is from investment and how close it is from gambling.

Part of the value of the stock is expected returns, and if the expected returns suddenly change than the value of the stock will suddenly change too. I don't think that it's necessarily an omen.

>but even so it is amazing how detached stock brokerage is from investment and how close it is from gambling.

Funny, I reach the exact opposite conclusion: people were willing to pay a specific price for Apple dependent on the expectations of future earnings. Those earnings didn't meet expectations, therefore the market adjusted the price. Working as intended.

Expected revenue for Q3 was 46-48b (see Q2 earnings press release). So they beat the estimate by 1.6 billion.

The 49-51b number is the Q4 estimate.

They explicitly stated in the last earnings call that they would not break out Apple Watch sales separately for competitive reasons.

Apple never said they would be breaking out the numbers for the watch.

That is completely incorrect. They are right in the middle of revenue predictions. Slightly on the lower end, sure, but that does not qualify as missing by a mile. If you say missing by a mile I would expect at least one standard deviation.

Here is a spreadsheet of analyst predictions: http://fortune.com/2015/07/21/apple-earnings-expectations-q3...

They range from $48b to $53b.

Horace Dediu predictions are really funny

>>For Apple, that's a miss by a mile, sorry. And it's not like I'm the only one that thinks so -- check the stock price. It doesn't care much about downvotes either.

Pointing to the stock market as some sort of paragon of rationality is not a bright move. You may want to reconsider your stance.

I mean, I get the effect on stock prices and why it happens (people use the best available info and use past experiences with that info to calibrate their expectations) but that’s stock land. Here in the real world that’s not a miss by a mile, it’s just business as usual with no material effects on Apple’s outlook (i.e. this might be a miss by a mile if you trade stocks but that doesn’t mean there are any material consequences for Apple from this).

So people adjust their predictions, stock prices fluctuate, hopefully no one cares because Apple missing predictions by a couple million bucks is materially irrelevant for the company and couldn’t be any more materially irrelevant if it wanted to.

Expected Q3 revenue was 46 billion to 48 billion as per the Q2 earnings press release. They earned 49.6 billion so beat the estimate by 1.6 billion.

Or are saying they missed the estimate that some analyst pulled out of their ass ?

Analysts on average actually did better in predicting Apple’s revenue than Apple. (Apple obviously seems to be very conservative in their predictions, though.)

The analysts' recta have historically been much more accurate than Apple's press releases, which have (as is not atypical in the tech industry) routinely and severely underestimated revenue.

This translates to net annual return of 0.0025% :)

Do you also never use Padlock or Combination Lock or basic door lock because they also offer "no protection against a determined adversary" ?

Using MAC address filtering on unsecured WiFi is literally like locking your door and then hanging the key on a nice hook outside the door, where anyone can grab it.

I feel, it is best to compare iOS 8 against iOS 7 to get the right comparision.

Apply Pay is essentially a digitized copy of your physical credit cards. You still need the remaining infrastructure to process credit cards, as well as be compatible with a physical credit card.