"All of this has happened before."

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 28 September 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

If what's happening today with Apple seems familiar, it should. (0:21) Jim Gillies discusses: - Reports that lower demand for the iPhone 14 is causing Apple to tell their suppliers there's no need to ramp up production - How history is an excellent guide on what today's short-term drop in Apple's stock means for long-term investors - Why now is the time to invest (even if it doesn't feel great) (10:00) Ricky Mulvey talks with best-selling author Blake Crouch about gene modification, and a future that may be closer than most people imagine. Got questions about stocks? Call the Motley Fool Money Hotline at 703-254-1445! Stocks discussed: AAPL Host: Chris Hill Guests: Jim Gillies, Blake Crouch Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got a closer look at Apple and a future that may be closer than you think.
0:09.6	Motifold Money starts now.
0:12.0	I'm Chris Hill joining me today, Motifold Senior Analyst Jim Gillies.
0:18.2	Thanks for being here.
0:19.2	Thanks for inviting me.
0:22.0	Apple has reportedly told suppliers to scrap pre-existing plans to increase production
0:28.9	of the iPhone 14.
0:31.5	According to a report in Bloomberg, demand for the new iPhone is not as high as previously
0:36.7	anticipated.
0:38.7	On a day when the overall market is up, Jim shares of Apple are down more than 3% on this
0:46.0	report.
0:47.5	I think you and I had the same reaction to this news, which was it made us both smile.
0:54.0	It did. I will fully admit my reaction to Apple being down 3%, 4% this morning on a production
1:01.6	cut is, oh no, oh no, how terrible.
1:06.0	I'm being a little bit facetious, of course, but the line from Battlestar Galactica, the
1:14.2	reimagined series, is all of this has happened before, all of this will happen again.
1:21.3	I kind of look at it a little bit like that.
1:25.0	We have seen production shortfalls on prior Apple iPhone models.
1:33.8	Or maybe the iPad wasn't selling as well as they thought it was.
1:37.4	At one point, I remember a couple of quarters where they blamed iPad for sales below what
1:43.2	some analysts wanted.
1:45.4	Even the stock gets smacked around and then you take a longer term, say, 15 year look at
	...

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