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Sales of iPhone 5 Could Boost U.S. Economy (report)

“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,” he wrote.

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Not only will the upcoming iPhone 5 rake in tons of cash for Apple, it could also boost the overall U.S. economy. At least that’s according to J.P. Morgan’s chief economist, Michael Feroli.

In a note to clients on Monday, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported.

“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,” he wrote.

Analysts at the financial services firm project that Apple will sell 8 million iPhone 5s in the fourth quarter, each with an expected sales price of around $600, according to Reuters.

With $200 in discounted import component costs, the U.S. government can include $400 per phone into its GDP for the fourth quarter, the agency said.

via Sales of iPhone 5 Could Boost U.S. Economy, Analyst Says [REPORT].

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United States

What Does a Biden Presidency Mean for Southeast Asia?

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Trade

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Olivier Languepin

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UTCC: Thai export sector to be affected by US-China trade war

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China

Economic Stakes are High for US-China Tensions

US assumptions around the eventual convergence of these two systems have radically shifted, hence Trump officials believe a re-orientation of long-standing economic and political arrangements that have brought these nations closer together is now required

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Geopolitical Changes are Afoot These developments coincide with a series of major speeches on US-China relations by key members of President Trump’s administration.

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