Analysts split on iPhone 5 impact

Is it just another iPhone or the biggest hardware launch in history?

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Analysts split on iPhone 5 impact The new iPhone 5 could encounter difficulties in the region over LTE compatibility. (Getty Images)
By  Stephen McBride Published  September 13, 2012

Apple Inc’s iPhone 5 is now finally on the market. But while US  consumers stroke the new streamlined chassis and coo over new features, industry analysts have been talking about wider issues.

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Product launch - iPhone 5

Apple’s new smartphone is not being treated as just another version by some pundits. Earlier this week JP Morgan’s chief economist hailed the iPhone 5 as a possible catalyst to marked growth in US GDP in the final quarter. "Calculated using the so-called retail control method, sales of iPhone 5 could boost annualised GDP growth by $3.2bn, or $12.8bn at an annual rate," Michael Feroli wrote.

Feroli’s underlying assumption was that 8m units would be sold in the US by year-end, a conservative estimate given Piper Jaffray analyst Gene Munster’s projection that 10m of the handsets may shift in September alone. Feroli’s estimate was also based on a retail price of $600, however, which is a considerable departure from the $200 to $400 range Apple announced at the launch.

UAE telcos Du and Etisalat have been tight-lipped on the availability of the new iPhones, but a late release is unlikely to deter hungry consumers. Dubai-based daily 7DAYS reported UAE retailers are poised to meet early demand, but customers may have to pay a premium of up to AED10,000 ($2,725) per phone.

Ashish Panjabi, CEO of Jackys said:  "We've being doing it in other years and I don't see us doing anything differently. It's a question of supply and demand and people who want it now - and are prepared to pay the price for it."

2407 days ago

What a load of HYPE

2410 days ago

There is a french expression that says (litteral translation) "the mountain delivered a mouse". In other words: "that's it !".
No more imagination at Apple? This is just hardware upgrade, in many cases to catch up with Samnsug Galaxy SII and Nokia Lumia 920.
Apple used to let us dream. Now, this is a hardware upgrade. Period. The media should play their critical role and stop playing Apple game

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