The following is a note-worthy selection of iPhone 6 reviews with excerpts. Spoiler alert: reviewers love it.
Yahoo Tech (David Pogue)
“The iPhone 6 and iPhone 6 Plus are absolutely terrific phones. They’re fast and powerful and well designed. There’s not a single component that hasn’t been improved. These phones are a delight to behold and to be held”
The Verge – 9.0/10
“There’s one feature that stands out, though, the one that most strongly makes the iPhone 6’s case as the best smartphone on the planet: the camera”
Recode (Walt Mossberg)
“The iPhone 6 is a great upgrade for current iPhone owners, or for anyone, really. It manages to provide a much larger display in a phone that’s still small enough to handle easily. It’s my recommendation for the best smartphone you can buy”
Engadget – 90/100
“With fast performance, a great display, an elegant new design and a much-needed software update, it’s one of the best smartphones you can buy right now. We wish it had the same long battery life as the iPhone 6 Plus (not to mention its optical image stabilization) but even then, the iPhone 6 is still the better choice for most people”
Bloomberg (Joshua Topolsky)
“They’re also awesome. They are beautifully engineered machines, more useful than ever. These aren’t just the best iPhones ever made—they might be the best phones ever made. Period”
“So what makes the iPhone 6 the best? Performance, usability and camera refinements, coupled with a safe, powerful operating system that now lets the iPhone’s big collection of apps do more”
“The slim new iPhones aren’t a big-screen slam-dunk, but they work well, as we have come to expect from Apple. Ultimately, it’s what’s on the inside that keeps them just in front of their competitors”
“For me, I think the iPhone 6 will be the perfect upgrade for people in the U.S. that haven’t embraced larger screen devices yet. It’s the perfect size for almost any hand”
“Apple iPhone 6 is a worthy successor to all the iPhones that have come before it. It’s attractive, solid, well-crafted, powerful and exciting..Apple’s iPhone 6 is, for my $200, the most elegant and effective smartphone on the market”
“The iPhone 6 is the best smartphone available. It offers improvements in almost every way that matters, and it delivers those in a striking new design that balances consumer demand for larger screens with a thin, light and durable case”
“These are the phones Apple devotees have been waiting for: iPhones that measure up to what’s fast becoming the new normal — the large, modern smartphone display”
“For current owners of Apple phones who aren’t tied up with a carrier contract, the iPhone 6 is among the most irresistible upgrade the company has ever offered”
Recently a large pension fund decided to give up on investing in hedge-funds citing complexity, high fees, and lack of scale. This news sparked a slew of articles saying this was a watershed moment on how hedge-funds as an asset class underperform and weren’t worth their fees.
Yes the vast majority of hedge-fund managers do not perform well enough to justify their fee structure, similar to active fund managers. However I do think one must grade hedge-funds in a bit more nuanced fashion.
Hedge-funds are hedge-funds because they often “hedge” and have market net exposure lower than a 100% long portfolio. If a typical hedge-fund has net exposure of 50% vs. the market, it is bound to underperform the market during big up cycles, but if it can provide a net return above the net exposure it is worth the fees.
Any capital allocator can easily find cost-effective methods to get long exposure to the market through passive index or futures strategies. Finding true alpha generating investment managers is much more difficult.
Hedge-funds are attractive to their clients because they should provide uncorrelated returns, true “alpha” relative to their net exposure to the market, and strong returns through a full up/down market cycle. They should be graded on those measures.
A few days ago on September 11th I wrote a blog post with evidence showing it was likely a large percentage of the current shipment of Xbox Ones in the retail channel had “coil whine” noise hardware defects. Tonight members on NeoGaf noticed Amazon put the Kinect-less Xbox One on “Item Under Review..something wrong with our inventory” notice.
A few hours later the notice disappeared, but this is again more evidence some thing is amiss.
I also noticed Microsoft’s support forum is filled with more posts from consumers receiving replacement consoles with the same exact noise issue. Obviously they are furious receiving consoles with the same defect they wanted to get replaced in the first place. The Microsoft support representative is now asking for “console serial numbers” probably trying to get a handle on the size of this issue across various shipments:
As I wrote in my previous post last week all the signs point to a major wide-spread issue. It looks like things are getting worse not better.
After reading hundreds of messages across various internet sites and Twitter it is becoming increasingly evident that a large chunk (if not all) of Xbox One consoles sold in the past few days have a “coil whine” noise problem. You can hear it in this YouTube video:
Microsoft already has told Kotaku and Gamespot it has acknowledged the issue, but the company down-played it by saying it only affects “a small number” of systems. The evidence however clearly shows it is a much larger problem. I read numerous reports of consumers exchanging their Xbox One console 3-4 times (see below) at their local retailer to no avail. All of the exchanged consoles have the same “coil whine” noise problem.
It is more likely a large percentage of current shipments are impacted with these bad coils. Let’s hope Microsoft can get this coil parts supply chain fixed into the holiday because if it doesn’t it would spell disaster for sales reminiscent of the red-ring-of-death from the Xbox 360 days. In the mean-time I would not buy an Xbox One console until we get confirmation this issue is resolved.
Examples of “coil whine” noise reports:
1) “I went through 4 from Amazon. After the 4th, they told me I needed to take a refund because they couldnt continue to replace the units. I then took my business to Target. After the 3rd one at Target, I got another refund and essentially just gave up.” Link
2) “This is the FIRST of THREE Xbox Ones I’ve had in the past 24hrs … I’m now returning the 3rd one and NEVER buying and Xbox One again” Link
3) “I went back to Best Buy today to get my replacement X-box one and the lady behind the register said this is the 4th one being replaced today” Link
4) “Just gave my xbox one to the transport guys to ship it back and get a refund. This was my 4th one already” Link
5) “I got my replacement Xbox Form Microsoft directly today. The noise is still there” Link
6) “he returned to the store, they open and tested 5 consoles just to find all of them had the same problems” Link
7) “bought a kinectless xbox 2 days ago and had this issue. Replaced it today, it’s updating now and the noise is there again. It’s incredibly annoying” Link
8) “I’ve had 3 brand new european xbox ones with that same irritating noise” Link
9) “I am now on my 4th noisy 1540-1425X.” Link
10) “The same problem here. 4 infected consoles.” Link
11) “I have around 6-8 friends that bought Xbox Ones when it came out here in Sweden. About half report this noise problem.” Link