I agree that the iPhone rhetoric is nauseating. Let's say they sell 85MM units and earn $200 per. That's $17B for Apple which is meaningless to the economy as a whole. FNM and FRE need a multiple of that to make it to 2012! Packed malls. What a retarded thread.
One thing that many people do not see is that there are many foreigners in the US. Most of them have H1B OPT or green cards and some have E1-2 visas which means they are an investor When an american loses his job, he can move to his parents' house and may not be homeless. But what about a foreigner? I have known and heard so many foreigners' gone back to their country when they lost their job. But the statistics do not show that. Why stay and spend your savings in a country where there is no hope and future? And your country be it china or india is booming and there are many opportunities, probably more risky and pays less but it is your country. It is free to try. Silicon Valley lost thousands of Indians even before the recession and from what I read in papers, the trend is accelerating especially among fresh grads.
Sales at Wal-Mart's U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters. Prices up sales down. You're in dire straights if sales don't increase with inflation tacked on.
WOW Apple's blitz of retail store openings continues this week, with ifoAppleStore reporting that the company is set to open three new stores in three different countries this Saturday. The openings come after Apple opened five new stores this past weekend as part of a push to open over 30 new stores between July and September.
correct. tacobell had a 89 cents chicken burrito.. it cannibalized sales so bad. now it is priced for 1.29.. i still buy it.. worth it. sometime back, burger king franchisors.. sued stating that they were forced to sell the Dollar menu items and lost money on those deals.. ha ha... raise the prices and the CONSUMERs will VANISH