The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant’s bottom line – but could also give a significant boost to the overall U.S. economy.
Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan’s chief economist, Michael Feroli in a note to clients on Monday. Such an impact would be significant.
