J.P. Morgan’s chief economist, Michael Feroli, estimated sales of the iPhone5 could boost annualized GDP growth in calendar Q4 by 0.25 to 0.5 percentage points. You can read more here.
Related
Senate Majority Leader Harry Reid and fellow Senators Chuck Schumer,
Pudits like to point to apps (and importantly the availability
Philip Elmer-DeWitt wrote recently in Fortune about Apple’s declining gross