New IPhone 5 Could Push US GPD By 0.5% Says JP Morgan

Posted: Sep 11 2012, 2:21am CDT | by , in Rumors | Apple

New iPhone 5 could Push US GPD by 0.5% says JP Morgan

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.

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.

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.
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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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