An Apple a Day

Analysts expect iPhone 5 sales to reach 30 million by 12/31/12. At $600/phone (less $200 in imported parts), that’s $12 billion in net sales during the last four months of 2012, or $36 billion annualized, a 2% boost to GDP! That estimate presumes these are all cell phones that would not have been bought otherwise, but most are simply delayed iPhone purchases, reducing the one-time boost to less than 0.5%.