Apple could see as much as US$6 billion from sales of the CDMA-version of the iPhone on Verizon, and another $3 billion in CDMA iPhone sales overseas in 2012, analyst Mark Moskowitz of J.P. Morgan Research tells clients in a note, as reported by “AppleInsider” (http://www.appleinsider.com).
He said Apple’s pursuit of Verizon first was a sound approach, given that Verizon represents a “major piece” of the global CDMA opportunity. Next Mosokowitz thinks Apple will go after China, India, Japan and South Korea next because of their high penetration rates of smartphone usage and the increased purchasing power of their growing consumer bases.
The analyst predicts Apple will sell 10 million iPhones through Verizon in 2012, amounting to roughly $6 billion in revenues. In the overseas CDMA market, the analyst projects a 10% market share in 2012, resulting in approximately $3 billion in revenues.