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Published 4 years ago with 2 Comments

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  • idlethreat (edited 4 years ago)
    +5

    I hate stories like this. News stories that manipulate numbers and words to make something sound worse than it really is.

    Unit sales have tumbled by 25% since 2000, and 40% since their peak, in 2004.

    Unit sales didn't tumble. There's no functional way that sales would remain that level, unless microwaves exploded whenever you used it the first time. They're durable goods. Everyone who wants a microwave pretty much has one at this point. It's the same way that...

    Apple stock took a stumble yesterday, dropping a whopping 15% against analysts predictions in after hours trading

    When in reality, Apple stock made a slight rise. It's just that the analysts expected more of a rise which didn't happen. So, some clever fellow decided to call the shortfall of expectations a loss, instead. Same with the microwave story. Sales analysts apparently expect people to constantly purchase microwave ovens until their houses melt down when in reality they're generally pretty good products with few moving parts and are reasonably durable. So, we're not buying microwaves so we can stack them to the moon. No worries, we're putting money in Apple stock, which dipped slightly because sales analysts are assholes and drove it down.

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