My Fintech Empire

Chapter 602 [Second-hand Market Price Crash]

Just two minutes after Qin Feng arranged for his assistant to deal with the matter, his mobile phone rang, and when he opened it, it was a call from the gold master's father.

At the same time, at Jingxinju's villa, Fang Hong was standing by a floor-to-ceiling window and was talking to Qin Feng.

After a while, Fang Hong said thoughtfully: "I see, it seems that my judgment is more or less the same. This matter is related to the second-hand trading market, and there are big fish making trouble in it."

The call to Qin Feng this time was to confirm the judgment in his heart, but he never thought that it was planned by Qin Feng. He is not that stupid. No matter how he plays, he should not pour dirty water on his friends.

After a while, Fang Hong called back again and said: "He absolutely shouldn't, he shouldn't use this matter to pour dirty water on Xingyu Technology, no matter who it is, just bury him, maybe in three or four days." It can’t be finished, um, you can deal with it.”

The call lasted only two or three minutes, Fang Hong hung up the phone and stopped paying attention to this matter.

The operating funds of the second-hand market have passed the limit. You can turn a blind eye to the hype before, and you can tolerate it if you earn so much money. After all, objectively speaking, it is beneficial to the brand premium of the S3 mobile phone. It is the appreciation of intangible value, that is, it has become the impression of luxury in the eyes of the world.

This is beneficial to the future development of Xingyu Technology. The three words "luxury" represent a high premium, which means that it will be favored by high-net-worth groups.

But the other party went beyond the mark.

In order to make money, cut leeks and splash dirty water on Xingyu Technology, this is what Fang Hong can't bear. He is not afraid of offending others, but he will not offend others for no reason, especially he cannot tolerate being borrowed by others. .

Xingyu Technology has already started calling major supply chain manufacturers to confirm the problem, and the action can be said to be very fast.

At the same time, the topic ignited on the Internet, and the price of S3 mobile phones in the second-hand market skyrocketed, because new public opinion rumors spread wildly on the Internet, and the S3 mobile phone was facing a crisis of out-of-stock, and it would take at least three months for the current production capacity to resume supply.

This rumor directly pushed up the second-hand transaction price of the 64GB version of the S3 mobile phone to a sky-high price of 30,000 yuan. The key point is that 1,492 units were sold, which is jaw-dropping.

But this is actually a false transaction by the operation of the fund, and it is just a reverse transaction.

The second-hand trading market is crazy. Anyway, everyone has seen the skyrocketing prices. The turnover of nearly 1,500 S3 smartphones has reached more than 44 million yuan.

The scalpers have started to loot, and some people directly collect mobile phones at high prices online and offline. Some scalpers even see someone holding an S3 mobile phone on the street and ask if it is for sale, and charge a high price.

The action of Xingyu Technology can be said to be very fast. At about 17:00 in the afternoon, the company issued an urgent announcement to dispel rumors.

The news on the Internet is a rumor!

And the company disclosed that it had called the police.

However, it seems that some people expected this to happen, and soon there will be a large number of trolls to confuse the public. Some time ago, your supply chain site was ordered, which means that there has been a problem for a long time.

Almost all the news that refuted the rumors finally became true.

There is no source for the news, and the source cannot be found. The alarm is just a routine operation. In fact, the source must not be found.

The rumor refusing news disclosed by Xingyu Technology came out, but it also attracted some hot-headed people, and had some impact on the second-hand trading market, but the impact was not very big, because this demonic wind was blowing up, and it was impossible to stop it instantly. Even if you brake suddenly, you have to have an inertial action.

In human terms, there are some self-righteous and clever people who can't hold back, and they are destined to be cut off if they rush in.

On the contrary, there are some ordinary consumer users who accidentally made a sum of money. They originally bought it for their own use, especially some consumers who paid by installments. the other party.

After playing for half a month, the machine bought at 6,298 yuan was sold for 20,000 yuan at a time, and the installment loan was paid off in advance, with a net profit of about 13,000 yuan. Is it good?

...

the next day.

At around 10:30 in the morning, Xingyu Technology issued an announcement that caused the price of S3 smartphones to collapse in the second-hand trading market.

It didn't work to refute the rumors in time yesterday, and today he directly released an epic-level big move.

Xingyu Technology announced that through the company's efforts, production capacity has been restored and additional orders have been added to increase production capacity. From now on, the monthly supply can reach a level of nearly 10 million units.

That is to say, an average of more than 300,000 units can be supplied to the market every day.

As soon as this news was announced, all scalpers, big and small, petrified collectively, so stupid.

However, news appeared on the Internet and clamored that this was fake news, so don't be fooled.

However, almost all the scalpers began to urgently clear the goods in their hands, and the price dropped sharply. The news came out at 10:30 in the morning, and around 12:00 noon, someone was willing to sell for 25,000 yuan, and the price dropped 5,000 yuan directly.

At the same time, Qin Feng updated a Weibo on his personal Weibo account, saying that the third generation of the STAR series will be released to all major offline stores today with a total of 1 million units.

Originally, it was expected that the supply would resume at the end of July and increase steadily, because Qunxing is collecting customer traffic data from Apple, and Xingyu Technology needs to cooperate to see the sales volume of S3 mobile phones this month. In the case of a sudden drop, how much can the next-door Apple company divert.

But it's already July 26th, and it's not too late, so it doesn't matter if it's just ahead of time.

Qin Feng posted this Weibo, if the news in the morning was an atomic bomb to scalpers reselling S3 phones, then Qin Feng’s Weibo at noon was a hydrogen bomb.

The scalpers exploded collectively on the spot.

On that day, consumers also really felt the increase in the supply of goods. In the previous period, every time the offline physical stores opened in the morning, they were quickly sold out, but today the situation has changed.

The picture of the queue is full is gone, and there is still a sale in the afternoon, and there is no need to queue up to extend outside the store.

Because the queue was full before, more than half of them were scalpers. Now the scalpers are gone, and they are basically real consumers.

They are all cutting meat to ship, so how can they come to buy.

At the same time, the price of S3 mobile phones in the second-hand trading market plummeted all the way. At 12:00 noon, the price was still quoted at 25,000 yuan. By 15:00, it had collapsed to 20,000 yuan. reached the million-dollar mark.

And at night, it was directly killed and collapsed to 15,000 yuan.

The price trend showed a negative feedback effect of a death spiral. This was a catastrophic stampede crash. All the scalpers, large and small, who had not delivered the goods, all fell into their hands and were directly buried alive collectively.

It collapsed so quickly because everyone knows that there is no room for value preservation in industrial electronic products.

No one can maintain the price. That is a selling pressure of 700,000 to 800,000 units, which exceeds the amount of funds at the level of tens of billions.

With such a large amount, anyone who comes will die.

The eldest brother was sold inside.

The eldest brother doesn't have the money for the tray, and he dare not do it if he has the money.

The eldest brother not only compensated the profit, but according to the current market price, he has already lost close to 1 billion yuan, and he has no intention of stopping.

Because the price still has room to go down, it was only cut to 15,000 yuan, and the official retail price is 6,298 yuan, which shows that there is still a huge room for dropping.

...

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