Like a python slowly digesting a sizable wombat--that apparently doesn't happen, by the way--the massive lump of money and goods that accompanied the launch of Apple's iPhone 5 continues to register in recently published economic data. (As we recently reported, the launch contributed a noticeable lift to the air cargo industry.)
Today's reading on imports and exports from the US Commerce Department showed a 24% rise in imports of cellphones and related goods for September. That accounted for about 40% of the increase in goods imports for the month, according to economists at JP Morgan. Here's a look at the spike.
The surge in Taiwanese exports of semiconductors hit a record in terms of value. "We believe this was related to the launch of Apple's iPhone 5," wrote Barclays analysts.
But the bump in Asian electronics exports isn't all Apple. For instance, the launch of new products from Samsung played a big role in a surge in Korean exports in September.
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