Investors Love Phone Gimmicks, Even If Users Don’t

(Bloomberg Opinion) — Gadget makers from Apple Inc. to Huawei Technologies Co. are turning to gimmicks like multi-lens cameras, folding screens, 5G connectivity and virtual-reality displays to juice sales amid a general upgrade apathy in the smartphone market.I’m among those skeptical that these new specs will do a lot to make devices fly off the shelves. Investors in Asia, however, seem pretty convinced that at least the suppliers of this wizardry will be winners. Information technology stocks are the top performers in the MSCI Asia Pacific Technology Index this year, climbing 21.8% through Oct. 3, compared with an 8.8% advance …read more

Source:: Yahoo Finance

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