J.P. Morgan's sums are simple: 8million iPhone 5 sales in Q4 x $600 (c.£375each on average) - $200 for import costs means about $400 will count towards GDP. The 0.25-0.5% projection is skeptical, but not unrealistic. Nokia, in the battle of the smartphones, had a lacklustre launch with its Lumia phone and Samsung recently lost a US case againt Apple for numerous infringements. Apple's dominance, and the ease in which consumers can access the internet from pretty much anywhere, is certain to continue.
Detroit's Bankruptcy Marks The Tip Of The Iceberg - Analysis Albany Tribune Detroit serves as a poster child for economic decline. .... Kevyn Orr, City of Detroit Proposal for Creditors, June 14, 2013, p.
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