Apple's iPhone 5 sales could boost U.S. GDP

Apple's new iPhone, expected to be released on Wednesday, could add between a quarter and a half a percentage point to fourth-quarter GDP.

This final note on the way out, from the Marketplace Desk of 'Oh, come on: Can we stop with all this iPhone 5 stuff already?'

There's a research note out from JP Morgan Chase today about said phone. It figures the thing -- which as we all know will be released Wednesday -- could add between a quarter and a half a percentage point to fourth-quarter GDP. That's not nothin', given that GDP's probably gonna be around 2 percent or so.

The math goes like this: 8 millon phones, it's guessing, at $600-a-whack retail. Factor out cost of goods sold, make some adjustment for international trade, and there you go.

Salt. Grain of. Take one.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...