How Will the iPad Affect the Economy?

How Will the iPad Affect the Economy?

We are all familiar with the innovative, revolutionary gadget that Apple has come up with. The product is known as the iPad. Those who have not tried the device have to really lay their hands on it even if they are just going to test it. This latest entrant in the field of computers will help not only owners of business but also individual customers. In fact, the iPad has the potential to turn the economy around.

These are times where people are finding it hard to earn money because they are losing their jobs or businesses. They are on the lookout for a messiah in order to bring them out of their trouble. They do not have to look any further because the solution to the problem is technology.

We are all aware of the fact that technology is evolving continuously and at a rapid pace at that. It is quite possible that by the time you have read through this article, there might be a newer version of the product that we are discussing in the market. You might as well ask me how the iPad will affect the economy. It is very simple, really. Everything has a ripple effect. Currently, the iPad is a hot product. Its popularity could be compared to that of the television in the 40s. 2010 will always be remembered as the year when the iPad was launched.

This product is so successful that it is estimated that over 1 million buyers will invest in this product this year. This leads us to believe that more jobs would be created. Of course, people are required for manufacturing the product. Technical support will also be needed. Sales people will be required in order to sell it. Drivers would be needed for the delivery. App developers will have to come up with new stuff. These workers will help to make a lot of money which in turn will be put back into the economy.

Apple came up with a brilliant strategy when they priced the iPad reasonably so that it could be afforded by everyone. The condition of the economy is such that people are finding it difficult to pay their rents, purchase food, make payments for the car and so on. These people are being catered to by Apple as it has come up with a product that most people can afford.

Thanks to the ripple effect, naturally, the number of individuals and companies who are going through the settlement of debts will decrease severely as people will have money with them.

Companies can come up with customized applications for iPad by expanding their sales capabilities in order to cater to the business segment. Developers will create positions for the sales team who in turn will sell more products. In this way the ripple will continue. We must not forget competitors who will create innumerable jobs in order to come up with products that would rival the iPad.

Prepare and write by:

Author: Mohammed A Bazzoun

If you have any more specific questions, feel free to ask in comments.


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