Analysts at the financial services firm project that Apple will sell 8 million iPhone 5s in the fourth quarter, each with an expected retail price of around $600,” according to Reuters.
With $200 in discounted import component costs, the U.S. government can include $400 per phone into its GDP for the fourth quarter, the agency said.
Feroli added that his estimate for annualized growth should be met with some skepticism, as it “seems fairly large,” but emphasized that “the recent evidence is consistent with this projection.”
He pointed to the iPhone 4S’ strong sales outperforming expectations when it launched last October.
The event will take place at San Francisco’s Yerba Buena Center for the Arts.