Very interesting article13 Sep 2018 22:49
Taken from gritty on advfn board
Seems like all the fake journalism, news & rumours is what has been helping the hedge
Funds manipulate the SP. however we PI are going to have the last laugh as the proof
Is in the pudding with the Trio .
Here's a clip from applinsider
Killing the phony story of iPhone X pricing and demand
Over the past year, specific, high-profile journalists at the Wall Street Journal, Nikkei, and Bloomberg composed multiple and parallel false stories that claimed that Apple's new iPhone X didn't offer enough new "innovations" to interest buyers and was far too expensive to sell in meaningful quantities —the total opposite of reality.
They put their reputations on the line to rush out a story that might have been true, if their logic had been founded in reality rather than just invented conjecture. These weren't simply analysts spewing out made-up ideas hoping that some of their thoughts would end up looking intelligent after the fact. These were reporters who falsely portrayed their writing as factual, professional journalism—reporting, not invention.
To the surprise of many, they were totally wrong, as iPhone X left the gate outselling Apple's other, more affordable models (including the similarly fast and wirelessly-functional iPhone 8 and the much cheaper, year old iPhone 7, as well as the cheapest-ever iPhone SE).
However, after the initial holiday quarter, writers at those papers continued printing stories that suggested they'd done some research or observation into iPhone X sales and found problems with ongoing demand. They also created reports suggesting evidence that Apple was slashing production of iPhone X, creating waves they claimed to have observed among Apple's suppliers.
But, those reports were false. And they were repeated anyway. They were not accidents or mistakes. They were false, and they appeared malicious, not mistaken.
Rather than reporting what was actually happening based on facts and research, these establishments were simply concocting tales of what they hoped —or perhaps guessed —might happen based on nonsense and whispers. None of these people acknowledged these false reports.
The reporting of the Wall Street Journal, Nikkei, and Bloomberg can no longer be trusted to be accurate, impartial and honest, particularly when they attack Apple and report on what they imply are facts ascertained from Apple's supply chain. They could not have been more wrong, and have still not explained why they published garbage-whimsy as factual data sourced from people supposedly "familiar" with what was actually happening.
If these writers held any other job and made a mistake of this magnitude, over and over, they would have been fired as incompetent. They kept forwarding a story quarter after quarter as it was proven wrong publicly over and over, maintaining all the while that they had some special insight or access into the industry
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