Tuesday, September 11, 2012

IPhone 5 Sales Could Offer Big Boost to GDP - Real Time Economics - WSJ

Sign of the times
"The iPhone 5, which Apple Inc. plans to release this week, could get credit for something Congress, the White House and Federal Reserve have struggled to do: boost the U.S. economy in a measurable way.
Sales of the new iPhone could add between a quarter and half a percentage point to annualized economic growth in the fourth quarterJ.P. Morgan JPM -1.37%’s chief U.S. economist Michael Feroli estimates. That could help to cushion the U.S. economy from other risks in the final months of the year."
IPhone 5 Sales Could Offer Big Boost to GDP - Real Time Economics - WSJ
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