Mar

9

 Victor,

Higher gas prices impact the economy, pulling spare cash from other retail expenditures.

And so do sales of smartphone and higher monthly data plans. Apple, in addition to booming sales of MacBooks, sold 172 million "post PC devices" in 2011, that is, iPhone, iPods, and iPads. And all iPhones with pricy data plans.

Today Apple announced the iPad 3, which will use more expensive higher-speed data plans.

Those who have the original iPads or iPad 2 will want an iPad 3. And those who resisted the iPad and iPad 2 will find it harder to resist the iPad 3.

So… will huge iPad 3 sales, many with monthly data plans, sink the rest of the retail economy? Let's hope gas prices start falling to leave some spare change for the rest of the retail world.

Greg


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