SUBSCRIBERS

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

Published Sun, Oct 26, 2014 · 09:50 PM

iPhone

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 have been ordering the gadgets faster than Apple can deliver them. The ripple effects are being felt throughout the economy, and these phones have been moving the stock market.