Is the iPhone recession proof?
From the Globe and Mail:
TORONTO and MONTREAL — As the stock market flailed and the global economy caused consumers to clutch their wallets close to their chests, Jim Dalrymple has not wavered in his Christmas shopping plans.
The Halifax man's wife and 14-year-old daughter will unwrap iPhones this year, the highly coveted Apple gadget that has defied the recent financial downturn by remaining a hot seller, price tag be damned.
The only person in his family who won't have a new phone come Boxing Day is Mr. Dalrymple's teenage son, who is not being overlooked for financial reasons.
“I'm not worried about the money, he just doesn't really care about having a phone right now,” Mr. Dalrymple said. “When he does, I'll get him one too.”
Given that recent surveys have show that consumers view Internet access and cellphones as essential utiliites, I'm not surprised to see demand steady for a device that provides both as well as iPod functionality.
