Dude Blames Iphone For Recession.

[Goona]

http://247wallst.com/2009/06/23/will-apple-aapl-iphone-sales-cause-a-new-recession/

I wonder why he didn't go blame RIM for selling too many blackberries this past quarter.

 

[aethelbert]

Uhhh... no. The blogger mentions spending money which one does not have as a cause of the recession, citing the phone as an example...

 

[jmpage2]

http://247wallst.com/2009/06/23/will-apple-aapl-iphone-sales-cause-a-new-recession/

I wonder why he didn't go blame RIM for selling too many blackberries this past quarter.

The guy is clueless and apparently not too hip on history.

During the Great Depression people were baffled about how sales of table top radios continued going up (a radio in the 30's cost the equiv of thousands of today's dollars).

It wasn't that they were buying them on credit, they just REALLY wanted them and were willing to save up and get one even if it meant going without other things.

Same case with the iPhone. It's not that people are going into hock to get them, they are often willing to make cuts in other spending areas in order to get the highly desirable iPhone.

Also, this guy fails to take into account that many people carry a cell as their only phone these days, which eliminates their $40 or more a month landline phone bill.

 

[colmaclean]

Cash good, credit bad.

Well, duh!

 

[JayLenochiniMac]

With the number of people being able to afford the iPhone and its data plan, you'd think there's no recession 😉

 

[jmpage2]

Every time we try to go to a restaurant on a Friday night I am amazed that there's a recession going on considering how every restaurant within 10 miles of our house is packed to the gills.

 

[veritech137]

get money, get paid😀

 

[rburly]

Every time we try to go to a restaurant on a Friday night I am amazed that there's a recession going on considering how every restaurant within 10 miles of our house is packed to the gills.

I know what you're saying. There seems to be quite a few people out on Fridays, but less than used to be (where I am). But, go on a Monday, Tuesday or Wednesday night (I don't work in the restaurant industry, but I've heard things).

 

[JayLenochiniMac]

There seems to be quite a few people out on Fridays, but less than used to be (where I am).

Disneyland is still as packed as ever.

 

[Merkie]

Uhhh... no. The blogger mentions spending money which one does not have as a cause of the recession, citing the phone as an example...

That's what I was gonna say.

 

[-aggie-]

I think the iphone caused McCain to lose the election....lol!

 

[Goona]

Uhhh... no. The blogger mentions spending money which one does not have as a cause of the recession, citing the phone as an example...

Bull. How does he know those who bought iphones don't have the money for it? Why didn't he scream bloody murder when RIM sold all those phones all that quarter? But I guess he needed to troll with an article about the iphone to draw attention.

 

[Waffle Stomping]

I think the iphone caused McCain to lose the election....lol!

I think the iPhone caused McCain to lose his erection

 

[aethelbert]

Bull. How does he know those who bought iphones don't have the money for it?

The author didn't, nor did he/she state that.

Why didn't he scream bloody murder when RIM sold all those phones all that quarter?

Then he/she would have to go after every product on earth that people buy on credit. One example made the point and was sufficient.

But I guess he needed to troll with an article about the iphone to draw attention.

Kind of like this thread; twisting the message of someone's website in order to stir up attention and anger against something that was never said.

 

[jmpage2]

Bull. How does he know those who bought iphones don't have the money for it? Why didn't he scream bloody murder when RIM sold all those phones all that quarter? But I guess he needed to troll with an article about the iphone to draw attention.

He probably shorted Apple stock and now he's pissed off because they are blowing the doors off! 😉

In the last quarter my wife and I have bought a 17" MBP, two 3GS iPhones, two Mac Minis and a 24" iMac.

And it was all paid for in cash.

 

[-aggie-]

The author didn't, nor did he/she state that.


Then he/she would have to go after every product on earth that people buy on credit. One example made the point and was sufficient.


Kind of like this thread; twisting the message of someone's website in order to stir up attention and anger against something that was never said.

I think akonradi wrote the article....lol

 

[rablat]

Cash good, credit bad.

Cash is sub prime. 😉

 

[Goona]

The author didn't, nor did he/she state that.


Then he/she would have to go after every product on earth that people buy on credit. One example made the point and was sufficient.


Kind of like this thread; twisting the message of someone's website in order to stir up attention and anger against something that was never said.

Damn dude I think you need to go read the article again.

 

[-aggie-]

Damn dude I think you need to go read the article again.

He wrote it!

 

[czeluff]

oh man

"Will Apple (AAPL) iPhone Sales Cause A New Recession?"

No, but stupid people who don't control their spending habits will.

 

[aethelbert]

Damn dude I think you need to go read the article again.

Go show me exactly where the author says that the iPhone is the reason for the economic climate.

 

[-aggie-]

It's implied, don't you think?

 

[aethelbert]

It's implied, don't you think?

No, it's consistently referred to as a „sign."

 

[-aggie-]

No, it's consistently referred to as a „sign."

toMAYto, toMAHto

sign, implied

 

[aethelbert]

sign, implied

„The longer lines at the soup kitchen are signs of our recession. Therefore, the longer lines cause the recession."

You're right. That makes sense.