JPMorgan: Next-gen iPhone Could Boost U.S. GDP

Massive sales of next-gen iPhone could boost U.S. GDP

By Mikey Campbell

A research note released by J.P. Morgan on Monday estimated that sales of Apple’s next-generation iPhone may add between one quarter and one half a percentage point to fourth quarter annualized U.S. gross domestic product growth in 2012.

I’m not really sure if it’s a good thing that a single product could move GDP in the country, or that the end result will be even more cash sitting in Apple’s coffers. Hopefully it’ll mean some retail hiring for the holiday season and jobs stringing up 4G lines (does one have to “string up” 4G lines?) at the major (and minor) carriers.

Actually, if iPhone swells mobile broadband… that’s some infrastructure spending, right Professor Paul?

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