Items tagged with financial news

Apple for the first time crested over $20 billion in quarterly revenue, thanks in large part to insatiable demand for the iPhone. Indeed the iPhone-ization of consumers worldwide caused researchers to study the phenom. They determined that a particular kind of envy causes people to buy them and a less nice form of envy drives people to the BlackBerry. Seriously. A study done by Tilburg University, published in the Journal of Consumer Research found that not only does envy drive people to the iPhone, it even encourages them to overpay for it. "Our studies showed that people who had been made envious of someone who owned an iPhone were willing to pay 80 Euros more on average," write authors... Read more...