8 Things the iPhone 5 Still Can't Do

[BigMeatballDave]

Originally Posted by L.A.Chieffan

IPhone 5 pre-sales top 2 million in 1 day

http://www.heraldnet.com/article/201...709179804/1005

Yep.

A lot of lemmings in the world today...

[aturnis]

Originally Posted by Dave

Yep.

A lot of lemmings in the world today...

It's not a bad thing. Economic analysts have been projecting that the iphone 5 would help boost the economy quite a bit...

In a note to clients on Monday, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported.

“Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate,” he wrote.

Analysts at the financial services firm project that Apple will sell 8 million iPhone 5s in the fourth quarter, each with an expected sales price of around $600, according to Reuters.

With $200 in discounted import component costs, the U.S. government can include $400 per phone into its GDP for the fourth quarter, the agency said.

Feroli added that his estimate for annualized growth should be met with some skepticism, as it “seems fairly large,” but emphasized that “recent evidence is consistent with this projection.”

He pointed to the iPhone 4S’s strong sales — which outperformed expectations — when it launched last October.

[AustinChief]

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...

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.

[DaveNull]

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.

I suppose that stock growth hasn't done anything for anyone over the past 10 years or so, right?

[AustinChief]

Originally Posted by DaveNull

I suppose that stock growth hasn't done anything for anyone over the past 10 years or so, right?

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.

[Buehler445]

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...

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.

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.

Kyle is 100% accurate. Consumers have no more spending power than before. All they are doing is itemizing Apples share of it.

[DaveNull]

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.

I'll take the fact that the report about the economy being boosted is BS. I wasn't talking about that. I was talking about this:



In response to your comment about "all the money goes to china or corporate cash reserves."

[Buehler445]

Originally Posted by DaveNull

I'll take the fact that the report about the economy being boosted is BS. I wasn't talking about that. I was talking about this:



In response to your comment about "all the money goes to china or corporate cash reserves."

LOL WUT.

The revenue generated absolutely does not go to the stock price. The stock price is up. So what? There is a correlation between revenue and stock price but still, nothing is contributed to the GDP. Investors would simply invest in something else.

I guess I'm missing what you're getting at.