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Apple Inc. (AAPL) and iPhone 7 ‘Nerds’ Skewered by HBO’s Bill Maher

Apple stock

Apple Inc. iPhone 7’s dual camera and AirPods has neither amused nor amazed HBO talk show host Bill Maher. He is quite appalled actually. On Friday’s show “Real Time With Bill Maher,” Maher took his time to eviscerate not only the iPhone maker, but also the ones who stand in what he called “the nerd line,” notes a report from CNET.

Apple doing no innovation

Maher said “The only people who really need you to get a new phone every year are the shareholders.” According to Maher, he knows what the people on the nerd line (Apple fans) are thinking – “Oh, Bill. How can you say the iPhone 7 is the same as the 6? The old phone had an A9 processor and a camera with an aperture of 2.2. And the new one has an A10 and a 1.8. Sorry, not sorry.”

Apple Inc. AAPL iPhone 7

Despite what the tech companies want you to believe, it is true that the technology has its limits. We still search for a better, cooler and new phone than last year’s even when we know that we could all use a pause for “stock-taking and mind-resting,” says CNET.

However, even the companies are not wrong as they are accountable to the shareholders, who are only happy to see their company grow.

The iPhone 7 would not sell as well as the iPhone 6s

One analyst firm also somewhat agrees with Maher. Contrary to the remarks by carriers, the analyst firm expects fewer sales of Apple Inc. iPhone 7 than the iPhone 6s garnered in 2015. But, the analyst has raised the number of iPhone 7 family devices that the Silicon Valley giant will sell before the end of 2016. According to Apple Insider, KGI analyst Ming-Chi Kuo has increased its sales estimates from 65m to 70-75m, mostly because of the dual-camera feature in the iPhone 7 Plus and the recall of the Samsung Galaxy Note 7.

Artificial scarcity explains carrier reports of strong consumer demand and sell-outs, with both factors not completely due to market demand, believes the analyst firm. “KGI points to market share gains from carriers due to promotions inflating numbers, as well as a larger amount of launch countries spreading out stocks leading to depleted inventories world-wide,” notes Apple Insider.

According to Kuo, another reason for low stock of the desired iPhone 7 Plus is the low yields on the jet black casing, between 60 to 70%. The research firm is advising investors to take profit on near-term stock highs now.

Several South Korean analysts had a divergent viewpoint. Song Eun-Jeong from Hi Investment & Securities, in a combined report, believed that on the strength of the carrier promotions – that KGI derided, Apple Inc. can take the top position in the premium smartphone market. IBK Investment & Securities analyst Lee Seung-woo – in the same report – disclosed that South Korean suppliers had orders for components to create 80 to 85 million iPhone 7 units pre-launch.

The analysts added that recently there was also an increase of 17 to 25%, which pushes quantities over 100 million phones before the end of 2016.

John Legere, T-Mobile Chief Executive called demand for the iPhone 7 a “phenomenon.” He also that up to September 12, the orders had been like “four times bigger than the iPhone 6.”

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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