Gadget experts said Apple\’s move was a brave one but that the improved technology inside the new machines was not good enough to explain such a large price increase.
The company said currency fluctuations, with pound falling in value, has forced up its cost.
This will of course be execellent news for the indigenous computer manufacturing industry…..oh, yes, well, there\’s a little problem.
However, all goods are substituable (in the economist\’s sense at least. An abacus is a substitute for a calculator, as is pen and paper, as is simply not doing the sums at all) and such rising prices will cut imports and increase domestic production and exports.
Which gets us out of the recession faster which is why having a currency that can indeed depreciate such a lovely thing to have.