This morning as I was driving into work, a thought suddenly hit me. Does the success of the iPad mean the recession is truly over?
After all, we are talking about a product that has sold over 2 million units in its first 60 days of life; 1 every 3 seconds as Jobs himself told us at D8 and WWDC. Now, if you factor in the 2 iPad a person limit, at the minimum, we have 1+ million individuals purchasing a machine that costs at least $500 a unit in just 2 months, and demand for the product is only rising. Apple itself cannot produce iPads quick enough to satiate consumer demand, so I beg the question, are we out of the recession yet? I think we must be at this point. It’s either that or Apple has some secret recipe for success even in bad economic times. I guess both are possible. What do you think?