‘New iPhone Could Boost U.S. GDP By Up To 0.5 Percent’September 11, 2012 5:10 pm
When we hear millions, billions and trillions frequently, we tend to lose perspective – the relative sizes become unclear. So we were happy to gain some of that perspective back when we spotted this today:
“”Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate,” Feroli wrote. That 0.33 percentage-point boost, he added, “would limit the downside risk to our Q4 GDP growth protection, which remains 2.0 percent.”
Feroli laid out his math. J.P. Morgan’s analysts expect Apple to sell around 8 million iPhone 5s in the fourth quarter. They expect the sales price to be about $600.
With about $200 in discounted import component costs, the government can factor in $400 per phone into its measure of gross domestic product for the fourth quarter.”
Statistics Source: Yahoo