Apple: Saving the U.S. Economy? (AAPL, JPM)

Apple: Saving the U.S. Economy?

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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Anand Chokkavelu owns shares of Apple and JPMorgan Chase and warrants on JPMorgan Chase. Andrew Tonner owns shares of Apple. The Motley Fool owns shares of Apple and JPMorgan Chase. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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