Skip to navigationSkip to content

The latest iPhone 5 rumor is that it’s going to save the US economy

Published Last updated This article is more than 2 years old.

A link from Businessinsider

JP Morgan analyst Michael Feroli has written a note suggesting that Apple’s iPhone 5 , to be announced tomorrow, could, by itself, grow the GDP between .25% and .5% in the fourth quarter. The math in six steps: Feroli says JP Morgan’s other analysts say Apple will sell about 8 million phones for $600.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.