JP Morgan thinks that the iPhone 5 is not only big business for Apple, but also has noticeable impact on overall U.S. GDP.
Apple will unveil the new iPhone 5 tomorrow. It is anticipated that the iPhone 5 will sell more units over its live time than any other iPhone before. This is how the Apple momentum goes right now: More, More and More. Reuters reports that J.P. Morgan's chief economist, Michael Feroli, informed investors that sales of the new iPhone could add between 0.25% and 0.50% to the fourth quarter annualized growth in the United States. This increase would be rather significant.
Don't Miss: Nintendo Switch: Everything You Need To Know
This prediction is based on Apple selling 8 million iPhone 5 in the fourth quarter of 2012. The Atlantic Wire is even going as far as saying that the iPhone 5 is helping Obama to get re-elected.
Don't Miss: iPhone 8: Everything You Need to Know
The new iPhone 5 will be announced this Wednesday September 12 at 10am PDT. The iPhone 5 sales are then to begin September 21. Rumored features of the new iPhone 5 include a larger screen, A6 CPU, iOS 6, small dock connector and 4G LTE. The overall design would not change dramatically. The backside material is not glass anymore as Apple introduces a unibody design. The rumors also say that the iPhone 5 is very thin.
Get the latest Tweets, News and Youtube Videos about the iPhone 5.