Michael_Malice
New member
MrSoutCity;4872162 said:Michael_Malice;4872108 said: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 U.S. economy.
Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan’s chief economist, Michael Feroli in a note to clients on Monday.
Such an impact would be significant.
“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,” Feroli wrote. That 0.33 percentage-point boost, he added, “would limit the downside risk to our Q4 GDP growth protection, which remains 2.0 percent.”
Apple and the iPhone saving the US Economy. iPhones stay winning.
Apple should have pull a power move and loan the government some money and be the new JP Morgan
Apple could become the new government if it wanted. Buy an iPhone and save the United States.