iPhone 5 will drive GDP, chip growth, analysts predict
iPhone 5 mockup.
(Credit: Overdrive Design)
Just how big is the expected release this Wednesday of the iPhone 5? How about big enough to show up in U.S. GDP growth and account for a sizable chunk of global chip revenues.
Adds to U.S GDP: Let’s start with the U.S. economy. “We believe the release of iPhone 5 could potentially add between 1/4 to 1/2 percent-point to fourth quarter annualized [gross domestic product] growth,” said JP Morgan in a research note today.
The note continued. “Our equity analysts believe around 8 million iPhone 5’s will be sold in the U.S. in Q4, even while sales of…
Excerpt from: iPhone 5 will drive GDP, chip growth, analysts predict