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iPhone 5 triumphs

Pre-orders exceed two

million in first 24 hours

By Keating Smith,
Contributor

pple’s highly

anticipated iPhone
5 pre-orders topped two
million in the first 24 hours
of availability, doubling
the amount of iPhone 45
pre-orders according to
a statement released by
Apple. The company also
said that while most pre-
orders will be delivered on
September 21, the demand
for the iPhone 5 exceeds the
initial supply, resulting in
some of the devices having
to be delivered in early
October.

Last Monday, AT&T
Inc. reported that the
telecommunications
provider set a sales record
for the iPhone 5, with
customers ordering more
of them than any previous

iPhone model on the first
day of pre-orders and over
the weekend following the
announcement of the new
phone.

“iPhone 5 pre-orders
have shattered the previous
record held by iPhone
4S and the customer
response to iPhone 5 has
been phenomenal,” said
Philip Schiller, Apple’s

66

Senior Vice-President of
Worldwide Marketing.
“iPhone 5 is the best iPhone
yet, the most beautiful
product we've ever made,
and we hope customers
love it as much as we do.”
In terms of market
growth predicted from sales
of the iPhone 5, the U.S.
GDP is predicted to grow
by $3.2 billion in the fourth
quarter, or $12.8 billion at

an annual rate. “That is an
increase of 0.33 percentage
points in the annualized
rate of GDP growth, which
has the potential to be
even higher” according to
Michael Feroli, a Chief U.S.
Economist for J.P. Morgan.
Feroli also stated that “a
third of a percentage point
would limit the downside
risk to J.P. Morgan’s fourth-

Apple has also removed Google Maps, a fixture on the
iPhone since its debut in 2007, from its devices.

quarter growth projection
of 2%.”

Apple will also benefit
financially from their new
Lighting charger cord,
as millions of iPhone 5
users brace for a wave of
frustration and spending to
buy adapter pieces so their
phone can play on docking
stations and other iPhone
accessories that require the

traditional 30-pin connector.

Tuition soaring past inflation

Fducation costs
continue to be pushed
onto students

By Dylan Hackett,
News Editor

Ans to newly
released data from
Statistics Canada and a
report from the Canadian
Centre for Policy
Alternatives (CCPA) think-
tank, the rise in tuition rates
across Canada from 2011 to
2012 totaled five per cent,
while inflation rose a paltry
1.3 per cent in the same
measured time period. The
figures reflect the long-term
offsetting of educational
costs from provincial

governments to families and

students. Proportionally,
the provincial support for
university budgets had
decreased from 84 per cent
of the budget to the current
average of 58 per cent from

1979 to 2009.
“Governments are
continuing to shift the cost
of public education onto the

backs of students and their
families,” said Adam Awad,
National Chairperson of
the Canadian Federation
of Students (CFS). “By
increasing tuition fees

in a time of economic
uncertainty, provincial
governments are further
reducing access to
education and skills
training.”

The current average
annual tuition expenditure
is $6,186 with an expected
four-year hike to $7,330,
according to the CCPA.

There is also a vast
difference in costs of post-
secondary education from
province to province in
Canada. The disparity of
costs between the most
affordable province,
Newfoundland and
Labrador, and the most
expensive, Ontario, is, on

average, $2,861 for the
former and $7,513 for the
latter.

“Throughout the
1990s, Newfoundland and
Labrador’s tuition fees
were at approximately the
Canadian average, but in
1999-2000 the province
implemented a freeze, and
then from 2002-05 rolled
back fees a total of 25 per
cent to 1996-97 levels and
froze them there,” cited
the CCPA report. “Median
incomes for an average
family with children
in Newfoundland and
Labrador have steadily

risen from $48,900 in 1990 to
$82,783 for 2010—the fastest

rate of income increase of
any Canadian province.”
“Students’ willingness,
not geography, should
determine whether they go
to university or college,”
said Awad. “In the absence
of a national vision for
post-secondary education,
the federal government

The adapter piece is
set for release in early
October.

Apple has also
removed Google Maps,
a fixture on the iPhone
since its debut in 2007,
from its devices. Users
can choose to upgrade
to its latest operating
system, iOS6, which was
released last Wednesday.

Outcry over
inaccuracies and glitches
in the iPhone’s new maps
marks a rare stumble
for Apple. Many of the
complaints have come
from outside of the U.S.,
marring what will be the
fastest international roll
out of any iPhone model

yet.

cannot ensure that students
across the country have
comparable access to higher
education.”

Co-author of the CCPA
report stated that 60 per
cent of those who graduate
from post-secondary are left
with an average of $27,000
student loan debt—a
figure that doesn’t include

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privately incurred debt.
The CFS hopes for
the rising cost of post-
secondary for students
and the inter-provincial
price disparity in tuition
to be corrected by federal
legislature—a move the
union believes would create
accountability and stable
funding for students.