LEE COUNTY, Fl. - Experts say the demand for the the iPhone 5 will be just a big as the previous iPhones. Economists are predicting the release will pump billions of dollars into the U.S. economy.
Between phone sales, and the new accessories to go with it, economists say the iPhone 5 could give the us economy a much needed shot in the arm.
"If Apple's going to release something, pretty much everyone and their brother is going to buy it," says Justin Murphy.
"I feel like it will have a lot of benefits that are worth it," says Chris Riley.
Since Apple introduced the first iPhone years ago, the company has sold more than 250 million. Some estimates say apple could sell as many as ten million iPhone 5's by the end of September. Experts predict the new phone sales will pump more than three billion dollars into the U.S. economy.
"Technology is a key driver in creating economic growth," says economist, Gary Jackson.
Local economists say the iPhone has started what they call creative destruction.
"It's going to create jobs and so forth... some of the older technologies may be supplanted by the newer technologies, those wont sell as much and some of those people who used to work on those products will have to shift over to producing some of the newer products," Jackson adds.
Economists say it's not just about iPhone 5 sales but also about the parts that are imported for the phone.
"One of our parts suppliers overseas, we're the first ones to actually have the legitimate replacement parts for the iPhone 5," Murphy adds.
Murphy with UBREAKIFIX in Fort Myers says that shipment will be here when the new phone hits shelves, something he says will have just as much hype as the iPhone 4.
"There's probably people in line already today," he adds.
The iPhone 5 will be released on September 21st.