iPhone production off 40 percent
Friedman Billings Ramsey analyst Craig Berger claims his industry contacts know that Apple's Q4 iPhone production will be more than 40 percent lower than Q3. So, even though poor people are the iPhone's largest growth market, overall sales are expected to be off because rich people stop buying gadgets when the Nasdaq drops. I'm getting tired of this global-downturn talk. Where's my reality distortion field? (Photo by otakuchick)