Tuesday, September 11, 2012
The iPhone 5, to be unveiled this Sept. 12, is expected to give the US economy a noticeable dent.
According to JP Morgan's chief economist, Michael Freoli, sales of the iPhone 5 may add 0.25% to 0.5% to the country's GDP. This is relatively big as that percentage translate to somewhere near $3.2 billion. This forecast "seems fairly large," but the iPhone 4S exceeded forecasts last October, Freoli adds.
Reuters also says that it also is expected that Apple will sell 8 million units of the iPhone 5 at $600 each. The expected profit per phone is $400, the agency adds.
Apple sent out invitations for a press event with an image sneaking in a "5" shadow (shown above) to take place in San Francisco’s Yerba Buena Center for the Arts.
Posted by paul0 at 8:29 PM