Quote:
Originally Posted by aturnis
It's not a bad thing. Economic analysts have been projecting that the iphone 5 would help boost the economy quite a bit...
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Quote:
Originally Posted by AustinChief
And they are idiots.
In reality, it is either a SLIGHT positive(negligible) or more likely a NEGATIVE due to the fact that a large amount of that money goes to only two places. Apple's cash reserves and China.
The ONLY way it adds to the economy even slightly is if people are spending out of saving on the iPhone (and they weren't planning to buy a new phone anytime soon).. otherwise that money would have been spent regardless, and likely in a way where the money would be spread around and go back into more spending.
This is all based on one note from one guy who made huge assumptions and didn't look at the bigger picture. If you look online there are plenty of economists who have debunked this already. BUT that's not what people want to hear so it isn't as popular.
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Quote:
Originally Posted by AustinChief
Come on dude? Get realistic. This entire "report" is based on the assumption that NONE of these people would have bought a new phone anyway AND that they are paying for it from savings instead of by NOT SPENDING the money elsewhere. Go on and believe that it's going to be a GENUINE boost for the economy. It's ludicrous and no serious economist who takes the time to look at the big picture will agree with you but if it makes you feel good, fine.
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Kyle is 100% accurate. Consumers have no more spending power than before. All they are doing is itemizing Apples share of it.