Asia depends on Europe: Mud in the eye for PAP apologist

In Uncategorized on 09/07/2012 at 9:44 am

(Or “The results of two smartphone manufacturers show where the margins are”} 

A few weeks ago, a PAP apologist ranted in ST about the Lady visiting Europe, implying that she should have visited Asia because Asia was rising, Europe declining. I pointed out that if not for Europe, she would be dead. There is something as gratitude, a word that seems unknown to him and other PAPpies.

Well it seems she is pretty savvy too in economics. Asia is still so dependent on European (and America) growth. Even the nation-building, constructive ST tells us.

Here’s a great example not reported by the local media. Taiwanese smartphone maker HTC reported a 58% fall in net profit to 7.4bn Taiwanese dollars (US$248m) in the three months ending in June. Second quarter revenue of 91bn Taiwanese dollars was worse-than-expected.

This is why: HTC sells most of its phones in Asia’s developing economies at the lower, less profitable end of the market.

Contrast this with the news on the same day that Korean rival Samsung Electronics posted record second-quarter earnings largely due to the success of its Galaxy smartphone. The main markets for this are the US and to a certain extent, Europe. Asia is only a small market for this top-end smartphone.

  1. Actually the lady was not that savvy in economics,she did PPE in Oxford,but she is extremly strong on “P” hence her decision to follow Ghandi, Mandela with love and peace even her
    own father was shot to death by enemies.
    But looks like she is now more savvy than many Asian leaders and so called apologists from Ivy league,even though the days of Euro are now numbered China,US and Japan followed not too far behind.

  2. The lady is dependent on Europe alright–look how many European aid donors are suddenly so willing to give money to Burma/Myanmar. ASEAN or Sg aid? Nope.

  3. PAP apologist talking cock again,sayinf ASEAN would be placed at the centre of new geopolitical dispute and that US and China struggling for influence,the fact is two ASEAN brothers are begging their ex-colonial master and enemy to come and rescue them which he blissfully ignorant.

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