An excellent read by Jeff Sommer for the New York Times about the financial impact of the iPhone on the global economy.
“The iPhone is having a measurable impact,” said Michael Feroli, the chief United States economist for JPMorgan Chase. “It’s a little gadget, but it costs a lot and it seems that everybody has one. When you do the multiplication, it’s going to matter.” He estimates that iPhone sales are adding one-quarter to one-third of a percentage point to the annualized growth rate of the gross domestic product.
If you want to learn more about the economic ramifications of the iPhone, I recommend you read the whole piece.... Read the rest of this post here
"The iPhone’s financial impact" is an article by iDownloadBlog.com.
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