The iPhone effect

Ian Talley, The Wall Street Journal, on September imports.

Imports from the Asian giant hit $44.9 billion, up nearly 13% on the month. Most of the $5 billion increase in imports was fueled by a $3 billion surge in buying of cell phones, a deluge that coincided with Apple's release of the iPhone 6 and 6 Plus, both of which are assembled in China.

It’s not the first #iPhoneEffect: In 2012, iPhone 5 sales were seen boosting U.S. economic growth...

 

Sadly, Ian puts a trade gap spin on the article. Not only is it spin, it's bad spin. For a better view of what economic value the iPhone brings to China and the U.S., I recommend Tim Worstall's post "The Effect Of Apple's New iPhone On China's Exports, Trade Balance And GDP" (spoiler alert: the iPhone brings way more economic value to the U.S. than China).

 

Also, this #iPhoneEffect is not to be confused with Urban Dictionary's definition of iPhone effect :p

Shortly after one person in the group brings out their iphone, the rest follow suit, ultimately ending all conversation and eye contact.