During the first weekend of Apple’s release of the new iPhone 5, Apple was not the only company or industry to benefit. One of these was the air cargo industry.
According to a report from the U.S. Federal Reserve’s Beige Book, a quarterly collection of economic observations, shared, “Air cargo companies saw an increase in cargo volume tied to the launch of various smartphones and computer tablets, which favor shipment by air over other modalities.”
Massive launches like this have been a great help to the air cargo industry during the last quarter.
FedEx and UPS were the notable winners of these deliveries but other air cargo carriers also saw a gain in business during this big first weekend of Apple’s iPhone5 launch.
FedEx restricted employee vacation and training to prepare for the launch when the new iPhone was released. The holiday season came early for these air cargo carriers.
The iPhone 5 was released in 9 countries the first weekend and has been released to 22 so far since the launch. Apple has stated that the iPhone 5 will be available in 100 countries by the end of the year. The air cargo industries are gearing up now for the anticipated shipments.
Before Apple’s iPhone 5 was even launched, J.P. Morgan predicted the new gadget would give a .25 to .5 percentage point increase to the U.S. GDP in the 4th quarter.
Apple’s, the world’s largest company, selling of over five million units, continues to show how they affect not only other industries but the global economy.