Michael Gartenberg, quoted in this Macworld piece by Jim Dalrymple, provides a good tonic to the nonsense in the previous pieces:
“Economic slowdowns don’t stop spending, but it means people will be more careful what they spend their money on,” Michael Gartenberg, vice president of market research firm JupiterMedia and editor of the MobileDevicesToday blog, told Macworld. “In many cases they will spend their money on premium products that represent good value for the dollar—for many people that’s not necessarily the cheapest product.”
No, no, no! They’re going to buy cheap crap that doesn’t do what they want and breaks all the time!