First Ring Daily 981: GameStop and the Apple

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• jrh

  Premium Member

  28 January, 2021 - 10:19 am

  <p>Well described about the gamestop issue. Where were these people when Windows Phone needed them? 🙂 </p>

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• gardner

  Premium Member

  28 January, 2021 - 2:01 pm

  <p>So one takeaway might be that people who want to make money off market manipulation of stocks by the public are finding that others are manipulating the market better.</p><p><br></p><p>Also, anyone long in GameStop (I'm guessing people who got in in the early rounds?) had a moment to cash out. I wonder what they did.</p>

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• crunchyfrog

  28 January, 2021 - 2:14 pm

  <p>I agree with Brad, the trading firms need to stay transparent and stop preventing people from legally trading a stock. Yes, they can make changes on margin but that's it. </p>

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• rfeeley

  02 February, 2021 - 7:50 pm

  <p>[In response to topic of amazement of Apple's hardware profits, yet again] The only way to make serious profits on sale of computer hardware today, is if you own the platform and retain a monopoly on making the hardware (Apple), since you can then charge higher prices than what the hardware is worth, at least in short-term and mid-term. Even Apple, in last couple years, was forced to dramatically drop prices through offering lesser/older iPhones. The other platforms (Windows, Android, etc.) allow competitors to make the hardware, which means those competitors fight each other on cost and features…and after that platform's features mature…mostly cost, which keeps prices down and eventually causes competitors to quit/fail/merge so that only the strongest remain. </p><p><br></p><p>This is simply economics, not magic, and why it takes more than just profits to properly compare players in different platforms (e.g. HP and Apple). They live in two different incentivized worlds, and one owns the platform it is on.</p><p><br></p><p>Just as FYI, I don't hate Apple, Microsoft or Google. I'm a fan of competition on and between platforms.</p>

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