Perfection of Rebirth

Chapter 722
The intensified subprime mortgage crisis and the turbulent financial market have not only felt the changes in the financial industry but also in the majority of stockholders.

It is not only the foragers like Brilliant Investment who are constantly collecting and analyzing relevant changes.The major media in the United States are also constantly paying attention to the development of the incident.

The New York Times reported its own views on the subprime mortgage crisis on the front page:

"The subprime crisis is no longer just a subprime mortgage problem, with prime loan delinquencies rising, threatening a battered housing market and a weakening economy.

As housing prices fall and banks tighten lending standards, people with good credit histories are increasingly defaulting on their mortgages, car loans and overdrafting their credit cards, according to industry statistics and economists.

Like subprime mortgages, many prime mortgages in recent years have allowed borrowers to make lower down payments before charging higher interest rates a few years later.These borrowers can refinance their loans, or sell their homes to pay off their mortgages, as long as home prices rise.

Now, however, as house prices fall and lenders retrench, homeowners with good credit are starting to face the same economic pressures as those with lesser credit.

James Keegan, bond portfolio manager at mutual fund company American Century Investments, said: Subprime debt is just a symptom of problems.The real problem is that we have a debt or credit bubble.

......"

The Washington Post looked at this crisis from another perspective:

"The reporter's friend Jacqueline works for a large housing agency in the United States and also teaches at a community college in Northern Virginia.

Jacqueline is very busy. The reporter interviewed her and found that she was often too busy to eat, or accompany clients to see the house, or go to class, and was still in the office very late.

According to Jackie, the number of people who want to rent or sell houses has increased a lot now.

The former is due to the decline in house prices, and more and more people who originally planned to buy houses began to hold money to buy, and joined the army of renters.

Demand determines prices. Contrary to the sharp drop in housing prices, rental prices are bullish.

Those who want to sell their houses are those mortgage repayment households trapped in the subprime mortgage crisis. Although they are not so miserable that they are forced to be auctioned off by the bank, the continuous increase in loan repayment costs has exhausted them physically and mentally.

Although selling a house is not a good option when house prices are falling, it can only be reluctantly parted.

For Jacqui, a real estate agent, a lot of work means increased income.

The reporter jokingly asked whether Jackie was a beneficiary of the subprime mortgage crisis, but Jackie shook his head and denied it.

Jacqui used to work in New York and came to Virginia two years ago. He originally planned to buy a house and settle down, but in the end he chose to rent an apartment.

Who doesn't want to live in a house of their own?

What's more, the increase in gasoline and food prices has also increased my expenses significantly.

Everyone has felt the effects of the subprime crisis, but to varying degrees.

This is true for individuals, and so is for businesses, and small businesses are especially vulnerable..."

……

"Mr. Jiang, this is the October sales data of Brilliant mobile phones that just came out." Liao Yun handed Jiang Hui a document.

"The Gpad actually sold [-] million units? Basically, it produced one and sold one," Jiang Hui said, looking at the report.

"Yes, Gphone's performance continues to be eye-catching, with sales of more than 210 million units, and it has already occupied a place in the high-end mobile phone market."

If you leave aside Nokia, which is a big mountain in the mobile phone industry, the sales of Guanghui mobile phones are really quite a lot.

Global mobile phone sales are only about 1000 million a month, of which Nokia accounts for nearly half, and the remaining brands such as Sony Ericsson, Samsung and Motorola only sell about [-] million units a month.

Guanghui Mobile's Gphone is 200 million units a month, which already accounts for [-]% of its sales.

Considering the price of the Gphone, the monthly turnover of Guanghui Mobile has reached [-]% of that of others, and this is not counting the Gpad.

Of course, other people's homes did not count as other businesses.

Otherwise, like Motorola, mobile phones are only a small part of their business, and their big head is not here.

In any case, it shows that Guanghui mobile phone is now a force that cannot be underestimated.

Everyone has also begun to face up to the arrival of smart phones and constantly adjust their strategies.Especially the Samsung mobile phone closest to China, it is said that it is already developing a smartphone based on the Android system.

"It seems that the era of smart phones is really coming. It is said that there are more than ten domestic manufacturers who have applied to us for source code. Although not all of these manufacturers will really enter this industry, there should still be three or five." , Jiang Hui said.

"You mean, it won't be long before three or five other mobile phone manufacturers in China will also produce smartphones?" Liao Yun asked.

"Yes, these three or five companies refer to the regular army. If those counterfeit workshops in Huaqiangbei are included, then there are not three or five companies, but thirty or fifty."

"Many of those counterfeit mobile phones actually infringe our patents. At present, most of them imitate our Gphone, or make some so-called micro-innovations on the basis of Gphone. Should we sue them?".

"No, they won't cause any real harm to us. Just study Microsoft's method of promoting the operating system in China," Jiang Hui said.

In the beginning, for Gates, it was a matter of course for a copy of the operating system to sell to a certain customer and obtain income.

However, when Microsoft's market began to develop towards China and other countries, it was discovered that this behavior may not work.

When Chinese people first connected to the Internet, almost ninety-nine percent of computers used the Windows system.When the Internet is gradually popularized and individuals can afford computers, it is actually a good time for the Windows operating system to make profits in China.

However, at that time, in the Chinese Dynasty more than ten years ago, a set of genuine Windows systems cost hundreds of thousands of dollars, which was undoubtedly a huge sum of money for the people at that time.

Because Microsoft pays special attention to the domestic market, it defaults to the rampant piracy of Windows systems and cultivates the habit of using Windows among domestic users.

After these years, it can be said that Chinese people's dependence on the Windows operating system has become extremely high.

Especially ordinary personal entertainment and basic office computers are basically operating systems.

Of course, this is also due to the cooperation between Microsoft and many domestic computer companies, such as Lenovo.The operating system of every Lenovo computer, whether it is a desktop or a laptop, is actually a genuine Windows operating system.

In other words, when we buy a computer, we have actually paid for the genuine Windows system.

Only those netizens who use assembled computers now mostly use pirated operating systems.

"That's it, then let's ignore them for now." After hearing what Jiang Hui said, Liao Yun stopped worrying about this issue.

(End of this chapter)