Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

JP Morgan: New iPhone could boost US GDP by 0.5%

ByREUTERS
September 11, 2012 02:52

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 J.P. Morgan's chief economist, Michael Feroli in a note to clients on Monday.

Such an impact would be significant.

Share this article via
from around the web
Related Content
Breaking news
April 26, 2017
France awards family damages after daughter goes to Syria

By REUTERS

Top Stories
Israel Weather
  • 15 - 29
    Beer Sheva
    16 - 24
    Tel Aviv - Yafo
  • 17 - 28
    Jerusalem
    15 - 22
    Haifa
  • 20 - 35
    Elat
    19 - 33
    Tiberias