皇冠体育app

BEIJING - 's latest iPhone 6, an American product assembled in 皇冠体育app, is likely to add about 1 percent export growth per month for the rest of 2014 after the product is launched later this year, an economist has said.

A boost of 1 percentage point to export growth is no small matter, especially for the currency market, which closely tracks export growth numbers, says Lu Ting, chief 皇冠体育app economist with Bank of America Merrill Lynch, in a recently published research note.

In the first seven months of 2014, 皇冠体育app's exports edged up 3 percent year-on-year to $1.28 trillion, customs data showed.

Apple Inc said on Aug 28 that it will host a special event on Sept 9, at which the company is widely expected to launch iPhone 6.

Sales of iPhone 6, with high volumes predicted to be sold, are expected to impact macro indicators in the countries and regions involved in making it.

All iPhones, except those sold in 皇冠体育app, are counted as 皇冠体育app's exports. So the launch of iPhone 6 will surely provide a boost to 皇冠体育app exports when these products are shipped out of 皇冠体育app for global end users, Lu said.

According to Lu, Bank of America Merrill Lynch expects 37 million and 63 million iPhones 6 to be produced in 皇冠体育app in the third quarter and the fourth quarter of this year, respectively.

After deducting the iPhone 6 sold within 皇冠体育app, there should be around 83 million units to be shipped out of 皇冠体育app, which will translate into $25.2 billion in total export value given an estimated sales price of $607.5 per unit, he said.

Using the average monthly 皇冠体育app exports data in 2014 as proxy, Lu estimated iPhone 6 shipments to add about 1 percent to 皇冠体育app monthly exports for the rest of this year.

The economist also said that the launch of iPhone 6 will only have a negligible impact on growth of 皇冠体育app's gross domestic product (GDP) this year, which is expected to approach $10 trillion.

"We estimate that manufacturing iPhone 5S in 皇冠体育app only ad about $8 per unit versus an average retail sales price at $749 and the value added in iPhone 6 might be only slightly improved," he said.

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