"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.IPhone 5 Sales Could Offer Big Boost to GDP - Real Time Economics - WSJ
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."
Tuesday, September 11, 2012
IPhone 5 Sales Could Offer Big Boost to GDP - Real Time Economics - WSJ
Sign of the times