Apple’s Next IPhone Seen Adding to Fourth-Quarter U.S. Growth

Apple Inc.’s next iPhone could contribute as much as one-half a percentage point to U.S. economic growth in the fourth quarter, according to an analysis by JPMorgan Chase & Co.

Apple may sell as many as 8 million iPhones in the U.S. in the final three months of the year, boosting gross domestic product by about $3.2 billion, or $12.8 billion on an annual rate, Michael Feroli, an economist at JPMorgan, wrote in a report titled “Can One Little Phone Impact GDP?”