David Fickling in Bloomberg’s Sydney bureau put two and two together…
- iPhone sales grew 16% year over year in the September quarter
- Shoppers spent A$1.53 billion ($1.33 billion) on electrical goods in September, year over year growth four times faster than the average estimates of Bloomberg’s 25 economists.
… and came up with this:
iPhone Drives Australian Shoppers to Biggest Splurge Since 2008
See also: Is Apple the tail that wags the U.S. economy?
Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.