Apple iPhone 5 could boost GDP 0.5 percent: JP Morgan - NewsX

NewsX
NewsX
  • 5 years ago
The next generation iPhone 5, which Apple Inc plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall US economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the US, according to JP Morgan's chief economist, Michael Feroli in a note to clients on Monday.

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