iPhone Douchenozzles Hook Up China

Tuesday, December 21, 2010 , , 2 Comments

I constantly rip on iPhone users (for good reason, they're obnoxious data hog dorks where I come from) and now I have more reason to: they're unpatriotic!

Don't look at me, I'm a BlackBerry addict. Yes that means I support Canada's economy... remember that when DC is on fire and JDA needs an expedited application for political amnesty, my dear friends from the North ifyouknowwhatI'msayineh.

Via WSJ's Real Time Economics:

[T]wo academic researchers have found that Apple Inc.’s iPhone — one of the most iconic U.S. technology products — actually added $1.9 billion to the U.S. trade deficit with China last year.

How is this possible? Though the iPhone is entirely designed and owned by a U.S. company, and is made largely of parts produced by other countries, it is physically assembled in China. Both countries’ trade statistics therefore consider the iPhone a Chinese export to the U.S. So a U.S. consumer who buys what is often considered an American product will add to the U.S. trade deficit with China.

The result is that according to official statistics, “even high-tech products invented by U.S. companies will not increase U.S. exports,” as two researchers at the Asian Development Bank Institute in Tokyo, Yuqing Xing and Neal Detert, write in a recent report.

Listen, thinking the iPhone is helping us simply because it's an Apple-branded product is akin to thinking a 9% increase in income from continuing for our friends at Wal-mart is actually useful for the American economy. You know, the economy at large, including the Wal-mart employees that don't earn a living wage and require tax dollars just to make ends meet and the consumers gobbling up the crap China keeps pumping out. When oh when are you going to learn, America?

You're whining about not having a job and then handing over your easy-earned FRNs right back to the enemy. Genius plan.

Oh and psst, at least the Canadians figured out to put cut and fucking paste into my BB options. Losers.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


National interest vs Free trade!

Like to see this discussed and debated more.

Kevin G said...

Interesting... this indicates to me that our numbers for trade balance are a really poor proxy for what actually happens. The phones cost Apple a bit under $200 each to make, but run up to $700 (with no wireless company subsidy) -- so what number gets reported reported in the trade balance data? $200? $700? Everything above the $200 stays in the U.S., so interpreting what the real trade deficit is becomes difficult.

As an aside, aren't Blackberries made with almost all Asian components and then simply assembled in North America?