Can Apple iPhone 5 Launch, Shipment, Sales Jolt U.S. Economy?

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http://www.thevarguy.com – America’s sluggish economy: Look out! The Apple (NSDQ: AAPL) iPhone 5, set to debut Wednesday and ship on September 21, is coming to the rescue, or so says a new report from investment banker JP Morgan, as reported in a number of places including here and here. How is that possible? Here’s the details on yet another example of the sky-high iPhone 5 sales expectations: In a note to clients, JP Morgan Chief Economist Michael Feroli wrote that if the iPhone 5 reaches 8 million in unit sales at a $400 trade margin ($600 average selling price less $200 for the cost of imported components), the (IT news)