Comments on: The iPhone 3G proves that there is no economic downturn

By: Kyle M

Kyle M — Wed, 16 Jul 2008 04:30:28 +0000

Congrats on the insensitive headline of the day. Hope it scores the Digg traffic that it deserves.

By: Lou Jacob

Lou Jacob — Wed, 16 Jul 2008 01:23:49 +0000

Gee Dan, its hard to imagine our economy could grow at all if so many people are standing in line to buy an iPhone.

I can’t imagine how it will affect productivity when everyone starts playing Super Monkey Ball…

By: tivoboy

tivoboy — Tue, 15 Jul 2008 23:58:38 +0000

Follow up, tivoboy is current SHORT OIL and LONG APPLE, SNE amongst others.

By: tivoboy

tivoboy — Tue, 15 Jul 2008 23:57:09 +0000

Wow, at first I thought this a post from JT and having been the newest minted AMERICAN and drunk the cool-aid of capitalism (giving up the mores of SOCIALISM as a good CANADIAN should have) he was swinging for the fences or trying to incite a riot.

That said, the argument being flawed I honestly don’t know where to begin.

Indeed, fools lined up, and fools WILL CONTINUE to line up for junk and stuff and food and TV’s and ps3′s and xboxes and TICKETS to see BARNEY and the OLSENS! Who knows why they do this, but they do and it isn’t the metal benders, the bible belters, the corn pickers, the surfers or any ONE group the people who will do this cut a large swath across this great nation of 305MM people’s.

The device (at least 25-30% of them) was 199$. I have the feeling that of the “1MM sold”, at MOST 40% were sold in the good ol USOFA. The rest of the world was STARVED with either NO iphone or a crap 1G iphone that many wouldn’t even buy (although in many places abroad one didn’t even have to BUY the phone it was FREE today)

I think that there was certainly pent up demand for this product and many 1G buyers who wanted to upgrade.

But, we’re missing out on the impact of the cult of MAC. This is not your mothers book club demographic. This group has MONEY, education, need for affirmation, personality, and to some extent (students, consultants, free thinkers and artists) TIME on their hands.

The fact that there is money here, is similar to the fact that 94301 housing prices continues to rise and MBENZ sold record cars in the 1st quarter (granted, a new low end model and the baby SMART had an impact on that- they’re so cute:-)) and I STILL cannot get a reservation at Boulevard for the weekend of the 27th!!

There will always be a product and group buying, recession, stagflation, depression, what have you. Always, Always Always.

By: Ben Drawbaugh

Ben Drawbaugh — Tue, 15 Jul 2008 23:26:09 +0000

Great job Dan, but those who disagree can keep their tin foil hats on because I’ll go one step further and say that I don’t believe that it is any coincidence that a bad economy is good for the Dems right now, and the fact that every night on the news I have to hear about the end of American life as we know it.

But don’t worry, the election is in a few more months when everything can go back to normal. So go ahead and buy up all the real estate you can afford in the time being.

By: Jeremy Toeman

Jeremy Toeman — Tue, 15 Jul 2008 21:31:26 +0000

Great points here Dan. I have a similar feeling when I walk into a Best Buy on the weekend and see swarms of people buying plasmas and new Xbox games. Guess they’re all getting there on the bus?