It's hard to figure out the impact the iPhone has on the global economy
REUTERS/Anindito Mukherjee
- The iPhone is a revolutionary technology that has changed our lives.
- New iPhone cycles appear to trigger bumps in various trade data.
- But, it's surprisingly hard to measure the economic effect of new technology in everyday life.
It’s no secret that the iPhone is a revolutionary technology. One would expect key economic data to reflect major efficiencies gained from such technologies in our jobs and everyday lives.