Sequoia: Long Strange Trip · Jul 23, 09:00 AM UTC
Kareem Amin: Apple's success built on squeezing suppliers and ignoring them
“So the best businesses—I’ve said this at the beginning—like Apple. It’s like well, who’s actually doing all of the stuff? It’s like Foxconn. Like, here’s this beautiful business that has all the numbers are going correct, but it’s because I can squeeze my suppliers in this way. Now I’m not gonna think about that supplier. It’s kind of like throwing your rubbish somewhere else and you’re like, that’s in China or that’s over there.”
Quoted source · Kareem Amin · 1 source segment
- [1] Sequoia: Long Strange Trip
Model assessment
The new evidence from Kareem Amin criticizes Apple's supplier squeezing but does not introduce a material positive or negative catalyst beyond the existing SELL signal, so the prior SELL is preserved as HOLD.
1 exact transcript citation