Chapter 2310: Comfort

Feng Yiping walked into the lobby. In the eyes of the passengers who were in the lobby at that time, he walked quickly into the elevator and smiled apologetically at the people who were stopped by Irving and others. Then he answered the phone, "Hi, Jobs,"

"Feng," in the quiet and steady elevator, the voice on the other end of the phone was particularly clear, "Are you still in China? When will you arrive in Silicon Valley?"

"I will go back in half a month. I need to attend several meetings. What's the matter? Is it because the sales of iPhone are too good and I need to add related orders?" Feng Yiping knew that Jobs would not call to talk about this, but he just mentioned it.

"The problem is the supply of other suppliers. It is a big problem," Jobs' voice sounded a little muffled.

So, it is not good to eat alone.

For a brand new product like iPhone that requires global collaboration, the supply chain problem is the biggest problem.

Although Cook is excellent in this regard and has given suppliers several months, Feng Yiping believes that the stable supply of some accessories should not be truly solved until the 3G version of iPhone, that is, the next generation of iPhone, is launched.

As for why these American high-tech companies always "collaborate globally" when producing a product, it is not because they are so noble or have a spirit of internationalism. They do so because they are driven by interests.

Under the premise of ensuring the quality of accessories and stable performance, if Chinese products are cheap, use Chinese products, and if Korean products are cheap, use Korean products.

However, at present, Apple does not have many suppliers in China. It will have to wait until more and more smartphone accessories are available and related production becomes more mature, then Apple will have more suppliers in China.

Because except for chips and camera parts, other parts can be fully provided in China.

This is our advantage, and it is also the reason why the competition in the domestic mobile phone industry is particularly fierce: because the supporting facilities are too complete, the threshold is really too low.

"This is a necessary process. I think that after another half a year of running-in, these problems will definitely be greatly improved by next year," Feng Yiping comforted Jobs.

He understood Jobs's depression. It is very rare to have such a period of time when you can sell all over the world without competing products.

But when demand exceeds supply, production capacity cannot keep up. A lot of money is placed there, and you can get it if you just beg it, but you just can't beg it... It's really frustrating and depressing.

"But in general, the current situation is also very satisfactory, isn't it?"

This is natural.

The official launch of the iPhone further consolidated Apple's top position in the field of consumer electronics. No matter how outstanding the subsequent competitors are, in the short term, they will inevitably be labeled as imitators in the minds of global consumers...

Although Apple's current situation is not the most ideal, it can really be said to be a real gain of fame and fortune.

"These are actually within our expectations," Jobs said, "but Feng," Feng Yiping could hear the sound of paper shaking over there, "I received the latest financial report of the fund. Why are our premiums still rising?"

"Last month, the premiums we paid for our credit default swaps exceeded 28 million US dollars,"

"In total, our fund's expenditures have been close to 300 million, but I just looked at the latest trend, and still don't see any signs of downward movement in this damn mortgage securities..." His words became fierce.

It should be said that for Jobs now, it is really stressful to watch his assets, which are real cash, shrink by more than 70 million US dollars so quickly.

"You know, I believe in your judgment, but I hope you can take the time to review our related operations. Is it possible that we think of some things too simply?"

It is rare for the hot-tempered Jobs to say such words under such circumstances.

So, no matter how powerful a person is, when it comes to huge profits, his posture will soften.

Feng Yiping sighed and mentioned the issue again.

"Steve, we have discussed the specific situation many times, and you are clear about it, right?"

"We don't need to pay attention to the relevant indexes or the comments of experts. Just go to a city, find a direction, drive out of the city for 30 to 40 minutes, and then find a building to see the situation inside. You will know how big the bubble of the US real estate is, right?"

"I know, I know," Jobs said, "The bubble is huge. Because of the stagnation of housing prices, loans can no longer be continued. More and more people default on their payments, and more and more houses are repossessed... I know all of this,"

"So why hasn't the situation of mortgage securities changed accordingly?"

"I don't understand which link has gone wrong in the middle, or whether there are any omissions in our operation. I only know that there must be a problem in the middle,"

"And such a problem that seems to have a very large impact and serious consequences has not even been analyzed by experts or reporters in the program or report..."

"Steve, Steve," Feng Yiping interrupted him, "So, don't you think this is abnormal?"

Jobs didn't say anything. It was hard for him to say anything. It was precisely because of these abnormal circumstances that I felt uneasy.

He was Steve Jobs, and he would never show his weak side in front of outsiders.

"Actually, this is normal, because what can those experts and well-known journalists say and report? Our real estate is going to be finished, our financial system is going to be finished, our economy is going to be finished... we are going to be finished? "

"Not to mention, there is a high possibility that they are also trying their best to sell the junk-like securities they hold before the public knows about it."

If he remembers correctly, there are already Wall Street firms that have discovered this problem that will make them lose their panties.

Therefore, their solution is to sell the securities they own at low prices before others realize the seriousness of the problem.

They will even short-sell real estate securities and purchase credit default swaps on real estate securities to hedge their losses.

"You mean, they are joining forces..." Feng Yiping heard that everyone on Jobs' side should have stood up.

"Yes, they are joining forces, Wall Street, rating companies, newspapers...even the Federal Reserve and the U.S. government. They are joining forces to deceive the people who are still unaware,"

"Let me tell you this, across the Pacific, I can tell they are lying right now,"

"Across the Pacific, I can hear that many of the Wall Street elites who used to earn seven-figure, eight-figure, or even higher incomes just by typing their keyboards every day are closing their doors. Come, hide in the office and cry,"

"Because they know that some endings are already doomed,"

"In our words, the body has fallen into the well, even if both ears are hanging on the edge of the well, it will not help."

"...What we have to do is to persist. There will always be times when they can't hold on. When they take the initiative to come to us, that's when we will reap the rewards,"

Jobs added quietly, "It's also the time when the U.S. economy is finished."

It can be said that it is quite unnecessary to express such sentiments at this time. "The situation will definitely not be very good, but it is not as pessimistic as you said. Too big to fail, Steve," Feng Yiping said.

Although the United States spent a high price on this subprime mortgage crisis - mainly the American people paid a high price, it managed to get through it. However, other countries that were affected, such as some countries in Europe, have been After one time, it can be said that it was unable to recover.

"I believe they won't be able to hold on for long. Maybe this month, maybe next month, or maybe tomorrow, the storm will completely break out because it is beyond their control,"

"...What we have to do now is to relax and persist. I suggest that you simply don't read the relevant statements and leave the matter to professionals. When they notify you, you go check the account." Just make the profit..."

During this call, Feng Yiping drank two large glasses of cold water.

But the effect was good, and Jobs finally calmed down again.

Although it was unavoidable to be a little annoying, Feng Yiping also felt a little relaxed because it fully demonstrated that Jobs valued this operation.

This is good!

So, the question now is, Wall Street, how long can you last?