Tuesday, March 8, 2011
According to the iPad 2 to Sell Faster Than First iPad: Munster article the iPad2 is predicted to sell over 1 million units faster then the original. The release of the iPad2 in general will be a benefit to the economy. It will produce a stimulant for the economy wether it be big or small a stimulant in this situation is good. What I mean by a stimulant is that it will create spending which is need to help circulate the economic cycle. By spending you are allowing the company to prosper by creating a flow of income. This income can then be invested in newer and better products which could create or maintain many jobs. With these jobs people will be able to lower the unemployment rate if even by the smallest of margins. With this people will get a steady flow of income for there house holds allowing them to live comfortably and eventually contribute to the spending part of the cycle. what people overlook continuously is that it is products like these that can have a bigger impact on the economy. By the release of newer products that people want, they would be willing to spend to get it. But when companies release products that people don't want or need they wont spend money therefore decreasing the flow of the cycle.