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Re: emptyone post# 70971

Tuesday, 09/09/2014 2:51:49 PM

Tuesday, September 09, 2014 2:51:49 PM

Post# of 163721
Empty, speaking of the I-Phone (so to speak) did you see where the new I-Phone has the potential to juice-up china's economy:

see today's article


LOS ANGELES (MarketWatch) — Regardless of whether a new iPhone will be a game-changer for Apple Inc. AAPL, +0.55% , the device has the potential to juice the second-largest economy on Earth, or so say economists at Bank of America-Merrill Lynch.

Sure, Chinese consumers are increasingly turning away from the iPhone, according to recent data. But the fact that the popular handset is assembled in mainland China, and that many of its components are made there or in neighboring Taiwan, has the potential to act as a sort of stimulus for those economies.

In a note out last week, Merrill Lynch’s Ting Lu and Marcella Chow said that the iPhone 6, by itself, “could add about 1% per month to China export growth for the rest of 2014.”

This prognosis assumes that 17% of the new iPhones won’t leave China — which is, after all, the world’s largest market for smartphones — and that the assemblers will receive above half the average sale price, which Merrill Lynch (writing ahead of Tuesday’s Apple event) estimated at $607.50.

Read more

http://www.marketwatch.com/story/iphone-may-single-handedly-move-chinas-economy-2014-09-08


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