“Americans are calling for a larger trade deficit — literally,” Melvin Backman reports for Quartz.
“August trade data from the US Commerce Department shows that the difference between imports and exports surged 15% from July to $48 billion,” Backman reports. “One cateogory that’s leading the expansion is ‘cell phones and other household goods,’ which rose $2.1 billion, or 30%, from the previous month, for the category’s biggest monthly gain since 2001.”
Backman reports, “Economists are more or less attributing the jump to Apple’s new iPhone 6s, which has been selling at a record pace.”
Read more in the full article here.
MacDailyNews Take: Some trade deficits are better than others.
SEE ALSO:
Beleaguered Samsung finding it tough to compete Apple’s revolutionary iPhone – October 6, 2015
Wired reviews Apple’s iPhone 6s: ‘The most intuitive software and hardware of any phone’ – October 5, 2015
Financial Times reviews Apple’s iPhone 6s/Plus: The ‘s’ stands for speed – October 1, 2015
Ars Technica reviews iPhone 6s/Plus: 3D Touch and the A9 chip are the stars of the show – September 28, 2015
John Gruber reviews Apple’s iPhone 6s/Plus: Everything is new – September 23, 2015
Insanely Great: iPhone 6s benchmarks as powerful as the Retina MacBook – September 22, 2015
TechCrunch reviews iPhone 6s/Plus: ‘The camera alone is worth the price of admission’ – September 22, 2015
Mossberg reviews iPhone 6s/Plus: ‘The best smartphone, period.’ – September 22, 2015
The Verge reviews iPhone 6s/Plus: ‘You should buy an iPhone 6S Plus’ – September 22, 2015
USA Today’s Baig reviews iPhone 6s/Plus: 3D Touch, great camera add up to tempting upgrade – September 22, 2015
Apple sees fastest iOS adoption ever with iOS 9 as iPhone 6s/Plus set to arrive on September 25th – September 21, 2015
Apple, enough with the stupid iPhone ‘S’ naming already – September 16, 2015