Peter Coy at Businessweek:
We know the release of the iPhone 5 is a big deal, but this big? Economist Michael Feroli of JPMorgan Chase (JPM) estimated Monday that sales of the new phone, expected to start later this month, “could potentially add” from one-quarter to one-half of a percentage point to the growth rate of U.S. gross domestic product in the final quarter of the year.
I love the iPhone as much as the next guy, but this is insane. And ever wonder why anti-Apple folks get so pissed off? Claims like these.