| > A litmus test for the general economy will be sales of new iPhones this fall. I actually would go with the sales numbers for the new PS5 because: - People who already have a console and are stuck home will not buy a new one because the cash is not there. - PS5 is a nice to have but not a necessity. Though the iPhone is in the same category but at a much higher price. The PS5 is estimated to be sold at $470-$499 while the new iPhone is much more expensive $799 up to $999. - People who don't own a console will likely put this off and buy it next year and focus on more necessities. - The entertainment industry is hit massively by this crisis, and this will be a good indicator of where things are going. Going back to the main subject, I believe the economy may well bounce back. The issues that may arise may be more related to security and politics. If things go on like this, there could be worldwide riots, or even revolutions in some places. Let's just hope a vaccine is found quickly. |