Re:When iPhones Ring, the Economy Listens
by legacyfruit on Sunday October 26, 2014 @11:35PM
(#8513643)
>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.
That's amazing. This means that iPhones account for 0.25-0.33% of all consumption in the US.
(reasoning behind this: annualized growth rate is (gdp for year / gdp for previous year) - 1, so to account for 0.25 percentage points of growth means to be 0.25 percent of gdp)
That's amazing. This means that iPhones account for 0.25-0.33% of all consumption in the US.
(reasoning behind this: annualized growth rate is (gdp for year / gdp for previous year) - 1, so to account for 0.25 percentage points of growth means to be 0.25 percent of gdp)