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1.Market Observations, 8.Was Sticky

12 Jan 2018 (TheAge) – ‘Astronomical’: New iPhone X pushes retail sales sky high

(12 January 2018, The Age, p5, Peter Martin)

‘So big was the spending splurge on the new iPhone X that it pushed pre-Christmas retail sales to a record high in November, confounding expectations of a weak lead in to Christmas. Market economists had forecast a lift of 0.4 per cent in November. Instead, sales shot up 1.2 per cent, the biggest jump in almost five years. Unusually, the Bureau of Statistics has attributed the jump to one specific product. It said the release of the much-anticipated iPhone X on November 3 pushed up sales of…’



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