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Zero Hedge “This Is Embarrassing”: 2 People Show Up For iPhone 8 Launch in Hangzhou, China

Summary:
Confirming reports that reception for Apple's newly launched iPhone 8 may be "underwhelming" to put it lightly, as the phone provides little if any material improvement over its lower-priced predecessor even as sales for hardcore fans will be cannibalized by the iPhone X, is the following report from Hangzhou, China which shows that all of 2 people were waiting in line for the latest gizmo from Tim Cook.... With the iPhone 8 a dud, at least in China, AAPL longs are hoping that the reception for the iPhone X in a few weeks will be notably more enthusiastic, or else Apple may have a major problem on its hands. Zero Hedge "This Is Embarrassing": 2 People Show Up For iPhone 8 Launch in China Tyler Durden

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Confirming reports that reception for Apple's newly launched iPhone 8 may be "underwhelming" to put it lightly, as the phone provides little if any material improvement over its lower-priced predecessor even as sales for hardcore fans will be cannibalized by the iPhone X, is the following report from Hangzhou, China which shows that all of 2 people were waiting in line for the latest gizmo from Tim Cook....
With the iPhone 8 a dud, at least in China, AAPL longs are hoping that the reception for the iPhone X in a few weeks will be notably more enthusiastic, or else Apple may have a major problem on its hands.
Zero Hedge
"This Is Embarrassing": 2 People Show Up For iPhone 8 Launch in China
Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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