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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (5180)	11/8/2017 1:21:04 PM
From: Kirk ©	1 Recommendation Recommended By rdkflorida2 Respond to of 26782

I think what Cramer and most of the TV pundits on CNBC miss is millennials DO NOT HAVE MUCH MONEY! He talks about how they order take out from his restaurant then pick up a six pack to drink at home with the food. They talk about how people don't want to own autos.... They talk about the death of retail..... Middle class millennials were sold a bill of goods that a degree that qualifies you to have some silly name for serving non-alcoholic beverages for $5 a pop was worth $50K a year... back when CNBC was saying those same millennials didn't want to live in a typical poor student dorm room so they had to build expensive housing for them.... The ONLY reason I can see for wanting a ride to the Dr in the same car some kids probably had sex in the back seat of or ate a pizza or another senior peed or pooped his or her pants and they had to mop it up.... is if I couldn't afford my own self driving car. Stanford Shopping center here is still very busy and full of tour busses too. I think those with a lot of money and the time to spend it still love to shop. Also, many like me with the money but hate wasting time in traffic to get to stores that are out of stock or don't have much of what I want.... order online but want a local store to return it to unless we already know the item fits.

To: The Ox who wrote (5180)	11/9/2017 1:41:14 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26782

Only 37% of what you pay for an iPhone X (ten) goes to materials with the rest left for manufacturing, overhead and profits! If Samsung hasn't lowered their BOM costs, the S8 I bought at Costco has 55% of the cost going to materials! Nov 09 iPhone X (10) Material Cost & Profit Margin vs Samsung Galaxy S8 With a 5% to 18% higher profit margin due to its lower BOM as a percentage of retail price, Apple is clearly positioning its phone as a "status symbol" to take advantage of its popularity while it can. Is it worth it?