by Summary:
I am not so sure that the "slowdown" of the Chinese economy is the chief factor in Apple's declining sales there. In the first place, I predicted the strong possibility of Chinese consumers voluntarily boycotting American products, Apple in particular, whereas in the past, American was a status symbol and American products commanded a premium. The Chinese people are very nationalistic, and they are extremely sensitive to perceived "humiliation,"especially by the West considering the history, about which Chinese are much more informed than Westerners. The former goodwill that American companies enjoyed in China is likely to evaporate and even reverse in a way that is not recoverable once new cultural patterns get established. The CIA calls such unintended consequence of operations,
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
I am not so sure that the "slowdown" of the Chinese economy is the chief factor in Apple's declining sales there. In the first place, I predicted the strong possibility of Chinese consumers voluntarily boycotting American products, Apple in particular, whereas in the past, American was a status symbol and American products commanded a premium. The Chinese people are very nationalistic, and they are extremely sensitive to perceived "humiliation,"especially by the West considering the history, about which Chinese are much more informed than Westerners. The former goodwill that American companies enjoyed in China is likely to evaporate and even reverse in a way that is not recoverable once new cultural patterns get established. The CIA calls such unintended consequence of operations,
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
The Chinese people are very nationalistic, and they are extremely sensitive to perceived "humiliation,"especially by the West considering the history, about which Chinese are much more informed than Westerners. The former goodwill that American companies enjoyed in China is likely to evaporate and even reverse in a way that is not recoverable once new cultural patterns get established.
The CIA calls such unintended consequence of operations, "blowback." This may have been unintended but it was entirely forseeable and US companies lobbied their government to avoid it — unsuccessfully.
Secondly, the difference between Chinese electronics and Apple electronics has largely closed and Chinese product are much less expensive. Apple will likely have to cut prices to compete in emerging markets or see its appeal limited to the luxury market as Veblen goods.
RT
Apple iPhone sales look $9bn worse than expected, CEO blames China & cheap batteries