Hayley Tsukayama, shoveling B.S. for The Washington Post:
Apple shares took a dip in early trading Tuesday, after an analyst report claimed that the firm is planning to cut production of the iPhone by 20 percent in the second half of the year.
As CNBC reported, analyst Brian Blair of Wedge Partners said in a note that the firm has cut smartphone production by a fifth — planning to make between 90 million and 100 million rather than an original projected range between 115 million to 120 million. The cuts, the report said, include production for the iPhone 4S, iPhone 5 and as-yet unreleased (and unconfirmed) next generation of the iPhone.
What if I could just lie through my teeth and say that Apple was going to sell zero iPhones next year? The stock would go down, and I could buy it up at a bargain price. Then, when Apple sells 15 bajillion phones back in Reality World, I’d get really rich. Hmm… If only people were stupid enough to fall for my transparent manipulations of both their minds and their markets…