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

By Quartz Staff


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.