iPhone 5 Release: Did Apple’s Iconic Device Just Kick-Start the U.S. Economy?

**Editor’s Note:

Click here
for our breakdown of all the new features on the iPhone 5.**

Apple’s launch of the iPhone 5 propelled consumer spending in September and reflected a new confidence in the U.S. economy.

Last month, electronics sales increased by 4.5 percent, according to The new iPhone certainly helped spur this escalation, which produced the best two months of retail sales in two years.

Chris G. Christopher Jr., senior economist at IHS Global Insight, said in the article that about 4 million iPhones were sold in the U.S. in the last part of September. He added that customers were much less cautious this past month compared to August.

Because consumer spending drives almost 70 percent of the economy, these numbers are certainly a positive sign for the U.S. economy. But will it last?  There isn’t going to be a new iPhone released in October!

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