Will Apple Release iPhone 5 september 12 2012

Will Apple Release iPhone 5 september 12 2012 : All eyes will be on Apple on Wednesday, as the company hosts its much anticipated event in which it is expected to unveil the iPhone 5. In what is certain to be one of the most exciting tech events of the year, the iPhone 5 unveiling is likely to boost the tech giant's stock, and could even boost the struggling U.S. economy.

According to a new analysis from JP Morgan chief economist Michael Feroli, in a note to clients on Monday, the new iPhone could add between a quarter and a half percentage point to fourth quarter GDP in the U.S.

Feroli told clients, "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." He added that the 0.33 percentage-point boost "would limit the downside risk to our Q4 GDP growth protection, which remains 2.0 percent."

The new iPhone will likely cost approximately $600 dollars, and the company is expected to sell anywhere from 8-10 million phones in the fourth quarter, including 4 million units in the first three days that it goes on sale, with 1.5 million pre-orders.

The unveiling will take place at the Yerba Buena Center for the Arts in San Francisco, kicking off at 10:00 a.m. PST. PolicyMic will be liveblogging the event, so join us on September 12 for all the details as they’re announced!

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