Love This Karl Denninger Guy

Remember Karl Denninger? The guy who back in September 2010 called for shorting AAPL and going long on RIM? He had a well-timed piece this morning:

That’s called market saturation and it was inevitable. Even with the “4S” the spurt was short-lived and now it appears the fanboi game has run its course. Worse is that it appears that only 21% of AT&T’s activations were new customers.

Apple is due to report this afternoon and if you can find the math that supports the expected numbers on iPhone sales given the reports from the two carriers in front of their numbers I wish you luck. Apple is “expected” to sell ~35 million iPhones this last quarter.

Well, we have 7.4 million between the two largest US carriers reported thus far.

Where did the other 27.6 million sales come from?

Hmm, let me think about this. Boy, this is a real head-scratcher. Wait, almost got it… tip of my tongue…

Oh, yeah. The entire rest of the world. That’s it.

★ Tuesday, 24 April 2012