Consumers and investors are in two very different boats. The investors are on the not-so-proverbial slow boat from China, and consumers are on Jetskis.
One watercraft presents a long, dangerous haul over long distances. The other gives a short burst of adrenaline at high speeds that thrill the soul and wreck the hair. The former makes money. The latter costs money.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":806203,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"C"}']So when consumers get all riled up over the anticipated new iPhone, investors have to continue with their own journeys. After all, rumors of a new phone mean a decline in sales for the current phone (and this time, a trade-in program for the old phone). And when a company only sells one phone at a time — well, some might say that just ain’t good business.
None of the smartphone manufacturers on our radar had a particularly brilliant week on the public market. The “hero” of the bunch was LG, which didn’t even see gains of a whole percent for the week.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More