iPhone 5 will drive GDP, chip growth, analysts predict
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
