All eyes will be trained on Apple Inc.(NASDAQ:AAPL) this
week, as it is set to unveil its new iPhone 5 on Wednesday, which has been
touted as the next Big Bang so far as the tech world is concerned.
Investment bank JPMorgan has said that the new phone
would not only boost the company's bottom line but also that o the U.S.
economy.
In a note to clients J P Morgan's chief economist,
Michael Feroli said that the new iPhone could add between a quarter and a half
percentage points to the fourth quarter annualised growth in the U.S.
So it in the interests of the U.S. economy that
Apple's iPhones should sell well.
"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," Feroli wrote. That 0.33 percentage-point
boost, he added, "would limit the downside risk to our Q4 GDP growth
protection, which remains 2.0 percent."
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The investment bank's analysts tracking Apple expect
the company to sell around 8 million units of the new phone in the fourth
quarter. The retail price of the new phones is expected to be at $600.
Feroli said the estimate of between a quarter to a
half point of annualized GDP "seems fairly large, and for that reason
should be treated sceptically." But, he added, "We think the recent
evidence is consistent with this projection."
He pointed out that when the last iPhone was launched
in October 2011, sales significantly outperformed expectations.
"Given the iPhone 5 launches is expected to be
much larger, we think the estimate mentioned ... is reasonable," Feroli
wrote.
Apple phones are the only mobile phones in the world that people actually wait standing outside Apple’s stores even before launching and this kind of love others companies can just dream of. As the 5th generation of iphone is going to emerge, people are anticipating and desperately waiting for its launch.
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