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When iPhones ring, the economy listens

Whether you love them or not - indeed, whether you're an Apple fan or not - this is a good time to recognise their significance as a financial force
Monday, October 27, 2014 - 05:50
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Apple Store employees greeting customers coming to buy the new iPhone 6 on Sept 19 in Palo Alto. An analyst estimates iPhone sales are adding 1/4 to 1/3 of 1% to the annualised growth rate of the US GDP.

New York

GLOOMY economic news and the wild swings of the stock market may be getting you down. But at least you can count on this: we've entered the sweet spot of the iPhone cycle.

Since Sept 19 - when the iPhone 6 and its larger sibling, the iPhone 6 Plus, went on sale - consumers