Monday, April 5, 2010
The Jobs report
Sure, the recent employment figures don't look good. But the evidence in front of apple stores this weekend tells a different story. Unless there's a Cash for Kindles program that I'm unaware of, the economy is finally getting back on it's feet.
How else can one explain the fact that the lines for the iPad debut were longer than those at the unemployment office? You'd think they were passing out government cheese (with an apple logo on it, of course).
700,000 iPads sold in two days. Which means last weekend the American consumer spent almost $500,000,000* for a product they don't need.
* calculated on a 2008 Macbook Pro calculator application, so that figure may be obsolete)