Not only will the upcoming iPhone 5 rake in tons of cash for Apple, it could also boost the overall U.S. economy,at least that’s according to J.P. Morgan’s chief economist, Michael Feroli.
In a note to clients, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported,“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 wrote.
Facebook revealed in a filing with the Securities and Exchange Commission on Tuesday that Zuckerberg has “no intention” to sell any of his Facebook shares for at least the next year.
The latest figures from SocialBakers peg Facebook’s mobile users at 543 million, showing 57% penetration of the site’s 955 million active monthly users.
The UK is Google's second largest market, with $4bn in sales coming via UK customers last year according to US filings.
Zuckerberg emphasized the need to make ads more social most ads on Facebook right now are not. He noted that Sponsored Stories, Facebook’s primary “social” ad product, is now generating $1 million in revenue per day, about half of which comes from mobile.
More mobile customers and increasing mobile data use pushed AT&T's revenue up slightly in the second quarter of 2012 and helped drive an 8.7 percent increase in net income.
AT&T on reported revenue of US$31.6 billion, up 0.3 percent from the second quarter of 2011.
“As a bank, we average around 15 000 conversations monthly, via social media, with existing and potential customers.