[Quote]:

J.P. Morgan’s chief economist Michael Feroli believes the iPhone 5 could bounce the GDP by 0.25% to 0.5%. “Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate,” Feroli wrote in a research note. “Given the iPhone 5 launch is expected to be much larger [than the iPhone 4S launch], we think the estimate mentioned … is reasonable.”

Hallelujah, the economy’s savior is finally here!