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Topic: I bought Apple stock because iPhones are garbage. - page 2. (Read 366 times)

hero member
Activity: 966
Merit: 701
Apple users know that Apple products are not the best but they buy them anyway. I think they are more interested in the prestige of owning a iPhone, a MacBook or a series watch, we like luxurious things and love to show them off and Apple has projected itself as the product that’s used by the upper echelons of society. People have been cajoled to believe the iPhone represents a person’s social standings, in my country the iPhone is most sought after  device, a person earning less than $200/month would save up to buy a fairly used iPhone. They want to associate themselves with the brand and what they think it represents.
hero member
Activity: 2968
Merit: 913
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Apple has managed with the Iphones to sell an idea of status or prestige that has no justification in the quality of the product, but in the faith that their followers have in them.

Therefore, I think it will continue to be a very good business for many years to come.

I agree that Apple is more like a fashion brand, rather than a high tech company. Grin The people buy expensive iPhones, just because it's iPhone, not because they are better and more useful than any other smartphone out there. The marketing of Apple products is spot on.
However, I wouldn't buy Apple stocks, because they seem overvalued. Sooner or later Apple will be outperformed by another "fashionable" high tech company. I never really understood the mentality of all the diehard Apple fanatics. Is this stupidity or vanity? Or maybe both? Grin
sr. member
Activity: 1372
Merit: 252
Here in our country, the apple or iphone14 brand can be said to be a luxury and not user friendly. The others are just buying because they are just going along with the current trend. When it comes to performance, I still prefer to use the Samsung brand whose value is 300$ and up and Huawei. But I will never buy an iphone apart from being very expensive it is not practical for my opinion and opinion.
But for others, it is their collection because they can afford to buy it.
For Iphone I think the price is indeed more expensive than Android but the quality is not in doubt,
basically all of them have their advantages and disadvantages and that is normal,
So it all depends on each person's preferences.
sr. member
Activity: 686
Merit: 403
I did the same few years back, I was using an android 5.0 at the time and the new Iphone was trending at the time, people around me start telling me that I am missing a lot by not using an iPhone.

Stupid of me, I sold my current phone and went to buy an iPhone, it doesn't take me two weeks before I sold because it's so annoying to me, battery life sucks that you will have to carry an extra power bank around with you, web browser is pretty good, gives the vine of a laptop on a smaller screen but it's not comparable to android capabilities, it's not even close.

IPhone is a great phone for those who are less into tech, I can run some codes on Android easily and there are many useful tools available for android, this is a big difference for me, I have come onto the conclusion that iPhone is just for show, it's nothing but selling names.
hero member
Activity: 3024
Merit: 745
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Therefore, I think it will continue to be a very good business for many years to come.
It will and as it's proven by them that people will still chase and look for them of what they've established to develop from most minds and as you've said, it's about the status symbol that they've injected in to everyone's mind that if someone buys it whether it's for the tech or specs, it can't be removed that the idea of it portrays to someone who owns it will always be there. I have nothing against with people who likes it and we can't break people's happiness if they're happy with that based on the likes that they have. I like macbook because of its battery longevity which is another Apple product. If someone can afford to buy it and worked hard for it, they deserve it as what they think. But it's a no for me to get one of it and finance it for 24 months and then a new version will come out every year, what a wise business model for them.
hero member
Activity: 1316
Merit: 593
Every big and popular company makes profits as well as loses many times.  So you can't guarantee that you will make a profit by buying Apple stock. However, this does not mean that you can't stop investing because if you don't take risks, you can never gain anything good.  Buying the stock of newer companies than a popular company has higher profit potential, but it is also higher risk.  Therefore, one should invest according to his ability and research without directly listening to any kind of financial advice from someone
full member
Activity: 770
Merit: 106
Here in our country, the apple or iphone14 brand can be said to be a luxury and not user friendly. The others are just buying because they are just going along with the current trend. When it comes to performance, I still prefer to use the Samsung brand whose value is 300$ and up and Huawei. But I will never buy an iphone apart from being very expensive it is not practical for my opinion and opinion.
But for others, it is their collection because they can afford to buy it.
legendary
Activity: 1372
Merit: 2017
Iphone is a great product and apple is a great company. I don’t understand why you said their phones are garbage. They outlive every android product in existence. People still use IPhone 6s’s today and they still work fine. How many years passed since Ip6s happened? 7? 8? I think their stock is always a good buy too. Every investor should own some aapl in his portfolio.

I agree about the company but not about the product. How many people still use the Iphone 7? It won't be even 1% of Iphone users. Apple has a great business precisely because of the opposite, because they have a lot of people (many of low incomes) that go running to change their Iphone for the new one, in many cases refinancing it.

In the consumerist world we live in, the business is to sell a lot of phones, every year if you can, and in that Apple has a big business.

sr. member
Activity: 1526
Merit: 251
Apple has indeed been successful in marketing their products as premium and high-end, which has helped them maintain a strong brand image and a loyal customer base. While it's true that the quality of their products is not necessarily superior to other brands in all aspects, they have built a strong reputation for their design, user experience, and customer service.
legendary
Activity: 3276
Merit: 2442
Iphone is a great product and apple is a great company. I don’t understand why you said their phones are garbage. They outlive every android product in existence. People still use IPhone 6s’s today and they still work fine. How many years passed since Ip6s happened? 7? 8? I think their stock is always a good buy too. Every investor should own some aapl in his portfolio.
legendary
Activity: 3738
Merit: 1708
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Aapl stock is very strong. Look at stocks like Facebook or Netflix they all had a bad year last year but Apple held up pretty well. In my opinion it’s trading way too high for its value. If it comes down then obviously it would be a buy however I don’t think it will go down by much.

Yes their products are sometimes lacking and behind other competitors but people are used to iPhones and they buy them anyways. Same with the other products they sell. Everyone wants an Apple product.
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
I too agree apple is shady as fuck, and as always shady as fuck business always make tons of profit, just like HAMAS, I wonder how many people apple has killed to make itself top selling brand. I don't care what value you want to brag about it, how the environmental friendly it is, how the customer service is respecting the user...
legendary
Activity: 1372
Merit: 2017
In my country the iPhone is the most sought-after product and many people are even willing to buy it on credit, even though they don't have cash because it's hard to get a job nowadays. What I saw in this product is nothing special, more or less the same as other products such as Samsung. They have controlled the market and generally use this product by the upper middle class, but unfortunately in my country there are almost many teenagers who extort their parents to buy these goods. The goal is nothing but to show his friends that they are people who can afford it and no longer buy products based on user needs.

This is what I mean, Iphone purchases are usually more emotional than rational, almost of faith I would say. A lot of people expectantly awaiting the unveiling of each new Iphone and lining up to buy it when the reality is that it's a little less shitty than the last one and that a $300 Android works just as well if not better.

It is also a way of trying to appear status, in a crude way, because if you have a Ferrari you are seen with status but almost nobody can afford it. On the other hand, people with very low income believe that with the apple on the back of the phone they look like they have a certain status or prestige.
hero member
Activity: 1652
Merit: 702
I know people with low incomes that finance the Iphone for 24 months and when the new one comes out they go to get it by refinancing (although they also get a discount for returning the old one).

Apple has managed with the Iphones to sell an idea of status or prestige that has no justification in the quality of the product, but in the faith that their followers have in them.

Therefore, I think it will continue to be a very good business for many years to come.
In my country the iPhone is the most sought-after product and many people are even willing to buy it on credit, even though they don't have cash because it's hard to get a job nowadays. What I saw in this product is nothing special, more or less the same as other products such as Samsung. They have controlled the market and generally use this product by the upper middle class, but unfortunately in my country there are almost many teenagers who extort their parents to buy these goods. The goal is nothing but to show his friends that they are people who can afford it and no longer buy products based on user needs.

I have a cell phone that is cheaper than an iPhone, but I can take advantage of all the features available to support it and for me this is far more sufficient than having to buy an iPhone. Returning to the idea or prestige attached to these products which has justification in the quality of iPhone and Apple products. This business has grown rapidly and my suggestion is that the Asian region is the place you should go if you want to develop a business in these two products because currently the usage trend in the Asian region continues to increase for these products.
legendary
Activity: 1372
Merit: 2017
Wait, so did you actually buy Apple stock or not? 

Yes I did. But I did it for the opposite of what would be logical at first glance: it would be logical for me to have bought shares because I believe they sell good products, and I did it for the opposite, because they sell bullcrap at the price of gold.

Would this mean that you already have enough Bitcoins (I am not sure what that means though) and you started diversifying? Cheesy

My conception of how much Bitcoin to own is far from that of the maximalist user of this forum. I have not started diversifying now, I have been diversifying for a long time, my Bitcoin holdings are a small part of my net worth. Having all your net worth in Bitcoin is too risky IMO. Anyway, tech stocks like Apple are second only to Bitcoin in profitability over the last 15 years. It's not like I've stopped buying Bitcoin to buy some asset that gives me a 2% annual return.
legendary
Activity: 2058
Merit: 1166
I would say it's sort of a non conventional way of thinking, even investors don't think like this. Most of the investors, invest in products and solutions which they feel are groundbreaking or have even solved problems in their own lives. Here I feel you are feeling that the product or the solution is a complete shit but the story that the product tells is good, which is why Apple is running nicely. I somehow agree with the story part, but will tell you one thing for sure. If a product is not worthy and only sells due to story telling, the company surely doesn't has a good future ahead so beware while investing.

It can't be about the story telling only. I doubt that the Apple products are worth as much as they actually are, but I have been an Apple user for a long time and apart from the fact that any necessary repairs are extremely expensive, I got stuff replaced for free most of the time. Their service has been pretty strong for me personally and they are quick to help. The only thing that is really a pain in the ass is the material smartphone producers use for their displays. I am sure they could be using material that can't get broken as easily. That was probably the biggest issue I had with my iPhones. But in general I think the devices are highly reliable. Never had a phone dying out of a sudden or anything like that.

Now this is no safe bet per se, but Apple is also sitting on 200 billion USD in cash. Their ability to undertake major investments in R&D and to pay huge dividends for quite some time to come is probably a big pro from an investor's point of view.
hero member
Activity: 966
Merit: 609
BTC, a coin of today and tomorrow.
I cam honestly say that your assessment of apple is based on your prolonged usage and knowledge of android. I know if you use apple for quite more time, you will give a totally different review to what you gave today.
I am also not a fan of iPhone as I had used iPhone 11 some years ago and I didn't like how it worked for me, I quickly returned to my Samsung (one of the s series).

But now many of my friends use it and what they say most about it  is the privacy aspect of it. Meanwhile, where I come from there's an unsaid tag that follows young iPhone owners.
hero member
Activity: 1736
Merit: 589
It's unclear why you would purchase Apple stock if you believe their products, specifically iPhones, are garbage. Investing in a company typically indicates a belief in its ability to generate profits and create value for shareholders.

Just because you're not satisfied with your iPhone doesn't mean everyone else is like you. People have different preferences and priorities when it comes to choosing a smartphone, and what works best for one person may not work for another.
To spite the company probably. Instead of giving them any more of his money, he's seeing an opportunity to make money out of Apple's success in the smartphone market by cashing in on a few of their stocks. A little counterintuitive to some but whatever works really.

I would agree with you though. I'm an iPhone user myself and even though there are times when I find some of its controls a little clunky, for the most part I could say it's the most streamlined device there is on the market. Add the fact that it's also the most secure and you're getting so much quality of life benefit out of the money you pay them.

Specs-wise, It's not going to be the best, as many Chinese smartphone developers and manufacturers already offer something better specs-wise. But as an established brand they could just get away with the most ridonculous things.
hero member
Activity: 2100
Merit: 618
I would say it's sort of a non conventional way of thinking, even investors don't think like this. Most of the investors, invest in products and solutions which they feel are groundbreaking or have even solved problems in their own lives. Here I feel you are feeling that the product or the solution is a complete shit but the story that the product tells is good, which is why Apple is running nicely. I somehow agree with the story part, but will tell you one thing for sure. If a product is not worthy and only sells due to story telling, the company surely doesn't has a good future ahead so beware while investing.
hero member
Activity: 1582
Merit: 758
Impressive way of thinking; I honestly admire it. I've always been a low-end Android user, as I couldn't be bothered to spend a fortune on a phone. I couldn't fathom why people are paying a ton of money for such a smartphone when you can spend 1/3 of the money on something equivalent in specifications. A good portion of Apple's users are extremely fanatical and will buy whatever is released.

As you've mentioned yourself, it's the so-called prestige that characterizes their products; no one is ever going to comment on your high-end Android phone. Apple is doing a great job keeping their customers fanatized.

Anyway, good luck on your investment, I hope they are at least paying dividends that boost your final returns.
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