Mashable!: Sales of iPhone 5 Could Boost U.S. Economy, Analyst Says [REPORT]

Mashable! Founded in July 2005, Mashable is the world's largest blog focused exclusively on Web 2.0 and Social Media news. Mashable is the most prolific blog reviewing new Web sites and services, publishing breaking news on what's new on the web and offering social media resources and guides.

Sales of iPhone 5 Could Boost U.S. Economy, Analyst Says [REPORT] Sep 11th 2012, 11:13 Not only will the upcoming iPhone 5 rake in tons of cash for Apple, it could also boost the overall U.S. economy. At least that's according to J.P. Morgan's chief economist, Michael Feroli. In a note to clients on Monday, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported. "Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate," he wrote. Analysts at the financial services firm project that Apple will sell 8 million iPhone 5s in the fourth quarter, each with an expected retail price of arou… Continue reading... More About: GDP, J.P. Morgan, U.S., apple, iPhone 5

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