Advanced economies remained relatively weak during this recovery, and the  BIS central bankers’ speeches  1  peripheral economies in the euro area began to face severe fiscal austerity and recession with the occurrence of the debt crisis from 2010 (Chart 2).
An estimated break-down of the costs of Apple’s iPhone, whose retail price is 649 dollars, consists of manufacturing cost of 8 dollars, component costs of 188 dollars and a gross profit margin of 453 dollars (Chart 5). The concepts of iPad and iPhone were generated in Silicon Valley.