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apple s latest smartphone, the iphone 5 is faster, sleeker than its predecessors. you ll need a new connector which is kind of a bummer and a scam from apple but you ll have a larger screen. but did you know this? the iphone 5 could be more than just another upgrade. it could quite possibly make a big difference in the economy in the next quarter. here s the explanation. in a new analysis, jp morgan s chief u.s. economist michael feroli calculates sales of apple s latest product could boost economic growth in the fourth quarter by up to .5 percentage points, half of 1%. what does that mean in english? could be a difference between another quarter of bad results and a quarter of a little bit better results. froli s math is simple. the iphone will sell for about $600 a unit. subtract $200 for imported parts. that leaves $400 to be added to the gdp. if apple sells 8 million iphones, that s a $3.2 billion boost to the economy in that quarter. that increases annual fourth quarter growth by
you probably already know the details. apple s latest smartphone, the iphone 5 is faster, sleeker than its predecessors. you ll need a new connector which is kind of a bummer and a scam from apple but you ll have a larger screen. but did you know this? the iphone 5 could be more than just another upgrade. it could quite possibly make a big difference in the economy in the next quarter. here s the explanation. in a new analysis, jp morgan s chief u.s. economist michael feroli calculates sales of apple s latest product could boost economic growth in the fourth quarter by up to .5 percentage points, half of 1%. what does that mean in english? could be a difference between another quarter of bad results and a quarter of a little bit better results. froli s math is simple. the iphone will sell for about $600 a unit. subtract $200 for imported parts. that leaves $400 to be added to the gdp. if apple sells 8 million iphones, that s a $3.2 billion boost to the economy in that
you ll need a new connector which is kind of a bummer and a scam from apple but you ll have a larger screen. but did you know this? the iphone 5 could be more than just another upgrade. it could quite possibly make a big difference in the economy in the next quarter. here s the explanation. in a new analysis, jp morgan s chief u.s. economist michael feroli calculates sales of apple s latest product could boost economic growth in the fourth quarter by up to .5 percentage points, half of 1%. what does that mean in english? could be a difference between another quarter of bad results and a quarter of a little bit better results. froli s math is simple. the iphone will sell for about $600 a unit. subtract $200 for imported parts. that leaves $400 to be added to the gdp. if apple sells 8 million iphones, that s a $3.2 billion boost to the economy in that quarter. that increases annual fourth quarter growth by .33 percentage points. factor in the notion these iphones are cool in improvement
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