Leaked from today's 404 episode:
- Apple's iPhone 5 could add half a percent to U.S. GDP.
- Apple launches iPhone trade in program with competitive prices.
- Aunt Jill recommends "Bernie," a film starring Jack Black and Shirley MacLaine.
- Follow Jill Schlesinger on Twitter and check out her podcast, Jill on Money!… Read more
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 … Read more
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