JPMorgan Chase's (NYSE: JPM ) Michael Feroli recently estimated that Apple's (NASDAQ: AAPL ) iPhone could add between 0.25% to 0.50% to annualized GDP growth in Q4. To put that in perspective, the latest annualized GDP growth rate was 1.7% (in Q2). That's pretty heady stuff.
In the following video, Fool analyst Anand Chokkavelu gives his thoughts and puts the numbers in context.
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