Must Read Rumors

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals

Canada has issued a guideline for the Duke and Duchess’ visit in the country.

Kate Middleton, Prince William and children arrive in Canada for royal tour

The Duke and Duchess of Cambridge, née Kate Middleton, and their two adorable children, George and Charlotte, landed in Canada this Saturday, September 24.

Kate Middleton and Prince William’s Canada tour itinerary revealed

The Duke and Duchess of Cambridge, née Kate Middleton, and their two children have started their official Canadian tour today.

Kate Middleton voted UK’s most influential fashion icon

The Duchess of Cambridge, née Kate Middleton, is no stranger to fashion, elegance and high class.

Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

In a rare interview, Pippa opened up about her new book, her fiancé and the difficulties of being Duchess Kate’s sister.

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals
Kate Middleton, Prince William and children arrive in Canada for royal tour
Kate Middleton and Prince William’s Canada tour itinerary revealed
Kate Middleton voted UK’s most influential fashion icon
Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

iPhone 5 release date: new iPhone sales could save the US economy, analyst says

by Nicole
September 11, 2012 at 2:12 pm

As the iPhone 5 launch is one day away, analyst speculation brings some interesting theories.

J.P. Morgan’s chief economist Michael Feroli believes that the handset could boost the U.S.’s GDP growth rate by 0.25 to 0.5 points in the fourth quarter.

“Thus, calculated using the so-called retail control method, sales of iPhone 5 could boost Q4 GDP by $3.2 billion, or $12.8 billion at an annual rate,” Feroli wrote. That 0.33 percentage-point boost, he writes, “would limit the downside risk to our Q4 GDP growth protection, which remains 2.0 percent.”

Feroli noted that when the iPhone 4S was launched in October last year, it exceeded all sales expectations.

“Given the iPhone 5 launch is expected to be much larger, we think the estimate mentioned … is reasonable,” he wrote.

However, the analyst adds that the estimated GDP boost “seems fairly large, and for that reason should be treated skeptically.”

According to Reuters, J.P. Morgan’s analysts project that Apple will sell 8 million iPhone 5s in the fourth quarter and expect the sales price to be about $600.

The iPhone 5 is expected to be unveiled at a live keynote on Wednesday, alongside refreshed versions of the iPod Shuffle, iPod Nano and iPod Touch.

What do you think? What is your gossip?

The rules: Keep it clean, stay on the subject and use English only - or we may delete your comment. If you see inappropriate language email us. Read our Terms and Conditions