I recently read a blog on the iPhone 5 that I found very interesting. The blog is talking about an article which states that the iPhone 5 sales could boost the US economy by almost a percent. I found it amazing that Apple has such a defined position in the market that their sales are actually believed to be able to boost the economy. Apple expected to sell 8 million iPhone 5s in the first weekend, however sales were slower than they expected and they only sold about 5 million in the first week. I do not think that the iPhone will be able to boost the economy as much as economists had predicted, because their sales were much lower than expected, and I also think that the money spent on the iPhone 5 would have been spent somewhere else instead, therefore not a gain to the economy, just spent in a different market.