Upon the iPhone 5′s launch, it will seemingly be worth more than the efforts of the Federal Reserve.
The iPhone 5 will have a greater effect on the US economy than the Federal Reserve’s recent announcement of QE3, Fed chief Kevin Warsh said.
I suspect they concluded that the economy is at stall speed or worse. The global economy is weakening. The developments out of Europe, while they might be dealing with some of the tail risks, Europe is in the early innings of a serious recession.
The iPhone 5 is going to do more for the real economy than QE3.
It’s expected that in addition to boosting the US GDP, the iPhone 5 will, in fact, make Apple the world’s first one trillion dollar company.