The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
Saturday, September 15, 2012
The iPhone And The GDP
This is rather curious. Just one little thing, the i is a small letter even at the beginning of a sentence.
Wall Street Journal: IPhone 5 Sales Could Offer Big Boost to GDP
analysts expect Apple to sell about 8 million iPhone 5 units in the final three months of the year. If the phone sells for around $600, with about $200 of it counted as imported components, then $400 per phone would figure into the government’s measure of gross domestic product...... The new iPhone sales could boost GDP by $3.2 billion in the fourth quarter, or $12.8 billion at an annual rate. That is an increase of 0.33 percentage point in the annualized rate of GDP growth. It could be even higher, he says. Even a third of a percentage point would limit the downside risk to J.P. Morgan’s fourth-quarter growth projection of 2%. ..... forecasts for third-quarter GDP growth to 1.5% and the fourth quarter to 1.4%, both down seven-tenths of a percentage point, largely due to the effect of the drought on farm output. ..... The economy grew at a 2% pace in the first quarter of this year, then slowed to 1.7% in the second quarter. In the final three months of last year, the U.S. economy expanded at a 4.1% pace after a sharp slowdown earlier in the year.
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