• The Wall Street Journal, Tuesday, September 11, 2012 12:24 PM

Few analysts are betting against the success of the iPhone 5. Slated for release later this week, however, some are expecting Apple’s latest iPhone to actually enlarge the entire economy. “The iPhone 5 … could get credit for something Congress, the White House and Federal Reserve have struggled to do: boost the U.S. economy in a measurable way,” The Wall Street Journal reports. Sales of the device could add between a quarter and half a percentage point to annualized economic growth in the fourth quarter, according to J.P. Morgan’s chief U.S. economist Michael Feroli.
 

 

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