The CDMA version of Apple’s iPhone could well attain a sales figure of $6 billion on Verizon, and another $3 billion from overseas sales in the coming year, an analyst predicted.
Mark Moskowitz of JP Morgan Research, the analyst who made these estimations, further revealed that the product is likely to bring around additional market opportunities in other CDMA networks all along the Asia-Pacific region as well as in US.
“Within the CDMA wireless market, Apple pursued the Verizon opportunity first,” Mark Moskowitz wrote in his report. He continued, “We think that this approach was sound, given that Verizon represents a major piece of the CDMA opportunity globally. We believe, however, that Apple will next pursue China, India, Japan, and South Korea”.
According to Mosokowitz, with a growing economy, these regions offer Apple a better chance of penetrating much deeper as far as the Smartphone market is concerned.
As far as the Verizon part of the report is concerned, Mosokowitz said that Apple is likely to ship around 10 million CDMA iPhone 3 units in 2012 alone which should eventually ensure a net revenue of approximately $6 billion. Regarding the $3 billion sales figure mentioned in the report for the non-verizon portion, he said it is very much possible for Apple to capture at least a 10% market share next year.