iRecovery

J P Morgan's chief economist, Michael Feroli in a note to clients has suggested that the anticipated launch of Apple's iPhone 5 could lead to sales that could increase US economic growth by between 0.25 and 0.5 percent. "Calculated using the so-called 'retail control method', sales of iPhone 5 could boost annualized GDP growth by $3.2bn, or $12.8bn at an annual rate", thus offsetting "the downside risk to our Q4 GDP growth projection, which remains 2%".

The comment of another US economic analyst was "God help us."

The iPhone 5 is expected to retail at about $600.

Manufacturing costs are thought to be about $200,

Maybe it will save the Chinese economy as well.

iPhone prelapse: the beginnings of growth