Felix Salmon’s Apple Stock Analysis: Factually Wrong

December 1, 2011 4:08 am

Well this is one of the many fun things we do here at Statspotting – spotting flaws in arguments. We spotted this today:

“Apple’s earnings come from the frothiest, most disposable part of consumer income, which is the first part of consumer spending to go away if and when the economy heads south. As such, Apple’s more vulnerable to an economic downturn than most of its peers.”

Statistics Source: Felix Salmon on Reuters

But then, just look at this:

“Apple Crushes Recession by Selling More Macs and iPhones Than Ever Before
Apple just sold more Macs and iPhones than ever before: 3.05 million Macs and 7.4 million iPhones.”

Source: Gizmodo

“Although the recession is deepening and sales of rivals are softening, Apple Inc. today announced it had set a single-quarter revenue record in the last three months of 2008, selling more than 2.5 million Macs and 4.3 million iPhones.

Apple sold 1.8 million notebooks and 728,000 desktops in its first fiscal quarter, which ended Dec. 31, 2008 — an increase of 34% for the former, but a drop of 25% for the latter over the same quarter last year. Overall, Apple sold 9% more Macs during the period than it did in the last three months of 2007, although Mac sales revenue was effectively flat year to year.”

Statistics Source: ComputerWorld

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