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Posts: 11,700 | Thanked: 10,045 times | Joined on Jun 2006 @ North Texas, USA
#75
Originally Posted by allnameswereout View Post
If you look in some threads about economy I clearly described how the economy is based on a lot of hot air. It has to collapse one time. Might be now, might be later. If you make money digital its even more easily created allowing more flexible handling.

If you take that into account, and look at the price of hardware which has been going down for years, you might see how devices are still sold if the economy doesn't completely go boom (my assumption) provided the devices are useful. I don't know about you, but a device which gives me a lot of information about what is going on in the world and allows me to manage my communication whereever I am is a godsend. (And if it will have some kind of user-friendly PIM then I won't need to use my E71 for that anymore either.)

If the economy goes completely boom however there are a lot of other issues than Fremantle. You'd save your prayers to have a roof above your head with some -I mean any- food while your income is the same but the money worth jack and squat because of inflation. Case in point: Iceland. If that happens, Nokia and a lot of other tech corporations go bust, and the government will have its prioritoes to save corporations for example those which are important for infrastructure.
The situation appears to me that it will fall between your two bookends. At some point this year significant numbers of consumers will be seen to drastically change their spending habits, but it won't be enough to put the likes of Nokia out of business.

One problem with economic downturns is that companies overreact, and individual people underreact. That is in fact what's going on as we speak.
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