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I don't disagree with your point (it is pretty interesting!) but I do think 2008 – one year after the iPhone was introduced – is a bit of a special scenario for
by troygoode 6y ago
I don't disagree with your point (it is pretty interesting!) but I do think 2008 – one year after the iPhone was introduced – is a bit of a special scenario for Apple that isn't broadly applicable to other stocks/downturns.
- runawaybottle 6y agoIt could still be framed within the realm of the underclass. They don’t have enough money to invest, buy a home, pay off debt, but they can certainly buy the best thing within their buying power - a phone, a tv, heavily financed cars, and so on. I don’t think these buying patterns are incongruous to reality on the ground. In other news, certainly alcohol and drug sales are up too.