2min chapter

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Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1

Tom Bilyeu's Impact Theory

CHAPTER

Apple's Strategy to Encourage Risk-Taking

Apple told Best Buy and Target and Walmart that it was only going to be selling iPhone 10s with a foreseeable future. Then after Apple sells all those billions of dollars in inventory, suddenly it turns around and launches the iPhone 11,. And thereby devalues everything it just sold by at least 10 or 20%. Even though it's maybe a small depreciation, it's across such a huge amount of inventory that Best Buy, Target, Walmart, take massive losses.

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