Android sales, they say, are skyrocketing, taking market share away from the iPad. Except — for all the Android-powered slates you see around the electronics retailers, how many of your friends have one? One, a couple, none? I’m betting none based on statements today from a senior Samsung suit who said that while sales to retail channels are pretty good, actual sales to, you know, consumers — they’re small, “quite small“.
Then I realised that it's probably something that's been going on in many industries, and not just the iPad, and that would be a very good explanation for all the "great" quarterly reports we have seen, in the face of massive unemployment, riots, bankruptcies and deleveraging.
(MarketWatch) -- General Motors Co. on Tuesday said January U.S. sales rose 21.8% to 178,896 cars and trucks. Excluding discontinued brands, sales of GM's four core nameplates rose 23%. Fleet sales, which are less profitable than retail sales, dropped 7%. Retail sales jumped 36%. The Cadillac brand showed the biggest percentage increase, up 49% to 12,580 vehicles.One could wonder how all the car manufacturers keep on increasing sales given the current economic conditions. Well, our friends at ZeroHedge answer the question:
GM has continued to shove a whopping 510,000 cars with dealers: In January 2011, the firm had 510k cars at its dealers, compared to just 390,000 in January 2010, a 30% increase. Furthermore, as the only component of consumer credit that is surging, non-revolving loans, indicates that virtually all car purchases are made based on the old formula of "no money down." And with the government backstopping both the car maker and the lender banks, we would be very interested in discovering just how bad the delinquency rate in non-revolving car debt is over the past year, especially as it relates to GM.Nice one!