Satirical off shoot from the OLPC (one laptop per child). Sorry could not resist the connection. Thursday October 30th 2008 PCWorld posted an article stating “Lower-income U.S. consumers are Flocking to Apple’s iPhone”.
The article also states that “smartphones are changing from a luxury to a necessity, according to research company ComScore Mobile.”
This has got my dander up since when is an over amped cellular phone that can play games, music, and watch videos over the internet become a necessity? I can understand the smartphone being a valuable business tool (I use one for contacts and schedules).
But come on a necessity to lower income folks. The article posts statistics of purchases grew fastest among people with annual household incomes between $25k and $50K with an 48% growth rate in that group. Now the phone cost $199 plus a $70 monthly charge from ATT with a family of 4 and say 3 of those 4 need a cell phone for one reason or another well that’s a lot of cash if you ask me per year.
With the economy in a “mild” down turn (now thats funny!) and Reuters posting “One in Five homeowners with mortgages under water”
Friday October 31st 2008 “About 7.63 million properties, or 18 percent, had negative equity in September, and another 2.1 million will follow if home prices fall another 5 percent”
So here is the crux, Question for all of you…. Is the iPhone really a necessity? With all of the hoopla with economic issues and the Government providing a 750 billion dollar bailout program?
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Saturday, November 1, 2008
8:12 PM CE's GeeBook 2 comments