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Apple’s 20% Rally Is Tough Pill for 295 Funds That Just Bailed
Samsung actually helped when their Notes 7 catches on fire - couldn't be the worst timing. Sale figure of iPhone 7 shot up as Samsung's product recall was announced. Christmas is only 3 1/2 months away.
Saw a car caught on fire because the driver's Samsung phone exploded. Sloppy engineering or what? I always thought Li ion battery packs have dual safety electronic control within the pack, at least that how laptop batteries are built.
Sven, wasn't it but a few months ago that batteries were causing problems in aircraft ? I received notice on PC, not to long ago, about possible fire hazard. Looks to be soft ware ,not the battery as the problem . Derf
Interesting chart. Thanks Ted. Keep in mind there could be many reasons for a fund to sell a particular stock, and most of those holdings listed date back to how they stood at the end of June. (Since active managers have been loosing assets in general, some likely sold assets across the board based on redemptions.) Still, it would appear that fund managers' ability to time markets isn't any better than yours or mine.
Sven, wasn't it but a few months ago that batteries were causing problems in aircraft ? Derf
The 787 Dreamliner in particular experienced major problems with its extensive use of lith-ion batteries to power back-up systems. There were a number of related fires/overheating problems at the gate (and possibly in flight) during its early days. The advantage to Boeing was their much lighter weight compared to previously used conventional batteries. Disadvantage of course is that they can catch fire.
Side note: Recently while travelling the airline asked if we had any "electronics" in our checked bags. I'd tossed an old Kindle reader in the luggage more or less as an afterthought - and had to remove it before checking the luggage. Didn't associate it with the lith-ion issue until later after the Samsung story developed.
Great. Maybe IS contracted with Samsung on this one. If you can't trust your "friends"...
@hank- Yes, the 787 had some major problems until they did some redesign and upped quality control. LI ion batteries have some real advantages over other types, but there are NO shortcuts on production quality, otherwise you have the potential of a handy little arson machine. This is well-known in the manufacturing arena: Samsung took a chance on a cheaper battery, and now they are going to pay way more than they ever could have saved.
Those funds may well be run by people who bailed out of the markets at the bottom in '08/09. Trim positions, sure. But dump completely b/c of a bad quarter or two? Please.....
Comments
I received notice on PC, not to long ago, about possible fire hazard. Looks to be soft ware ,not the battery as the problem .
Derf
The 787 Dreamliner in particular experienced major problems with its extensive use of lith-ion batteries to power back-up systems. There were a number of related fires/overheating problems at the gate (and possibly in flight) during its early days. The advantage to Boeing was their much lighter weight compared to previously used conventional batteries. Disadvantage of course is that they can catch fire.
Side note: Recently while travelling the airline asked if we had any "electronics" in our checked bags. I'd tossed an old Kindle reader in the luggage more or less as an afterthought - and had to remove it before checking the luggage. Didn't associate it with the lith-ion issue until later after the Samsung story developed.
@hank- Yes, the 787 had some major problems until they did some redesign and upped quality control. LI ion batteries have some real advantages over other types, but there are NO shortcuts on production quality, otherwise you have the potential of a handy little arson machine. This is well-known in the manufacturing arena: Samsung took a chance on a cheaper battery, and now they are going to pay way more than they ever could have saved.