 Talking Heads Discussion
Oct 25, 2014
Headline: "When iPhones Ring, the Economy Listens/Gloomy economic news and the wild swings of the stock market may be getting you down. But at least you can count on this: We've entered the sweet spot of the iPhone cycle."" [""'The iPhone is having a measurable impact,' said Michael Feroli, the chief United States economist for JPMorgan Chase. 'It's a little gadget, but it costs a lot and it seems that everybody has one. When you do the multiplication, it's going to matter.' He estimates that iPhone sales are adding one-quarter to one-third of a percentage point to the annualized growth rate of the gross domestic product.""] New York Times
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