RBC Capital: Verizon will sell more than a million iPhones in its first week
Expects Apple to sell 75 million iPhones in calendar 2011, 12%-13% of them through Verizon
RBC Capital’s Mike Abramsky, whose estimate that Verizon VZ had fewer than 100,000 Apple AAPL iPhones in stock for pre-sale last week seemed low, has issued a new report with some more aggressive numbers.
He now estimates that Verizon will sell more than 1 million iPhones in its first week and 3-4 million before the end of March. “This is strong,” he writes, but it’s less than the 5 million iPhone 4s AT&T T activated in its first full quarter of sales last summer. He offers seven reasons why this might be.
The iPhone 4 at Verizon is new, but not novel (vs. when AT&T first launched its version of the iPhone 4).
A lot of existing Verizon customers with Google GOOG Android phones are still on contract.
AT&T offered customers an early upgrade option; Verizon did not.
There are a lot of AT&T iPhone owners who might like to switch, but are still on contract.
Verizon’s data plan ($30/mos.) is more expensive than AT&T’s $25 and $15 offerings.