Apple’s long-awaited CDMA iPhone should pay off handsomely, to the tune of $9 billion in 2012, one analyst estimates. The Cupertino, Calif. tech giant should garner $6 billion in the U.S. and half that in markets such as China, India and Japan.
JP Morgan analyst Mark Moskowitz told investors Tuesday Apple has a “multi-billion dollar revenue opportunity” capable of keeping the company at above-market growth for up to the next two years. Moskowitz expects Verizon will sell 10 million CDMA iPhones next year, a near mirror of the carrier’s own projected 11 million units sold for 2011. The CDMA iPhone was Verizon’s best-selling handset in history.
Meanwhile, Apple could grab 10 percent of the fast-growing Asia-Pacific region, a “major piece” of the CDMA pie. Research firms such as IDC forecast 40 percent yearly growth for the China, India, Japan, and South Korea area between 2009 and 2014.
Already, Apple reported revenue from China has quadrupled to $2.6 billion in the last quarter. In Japan, Apple’s revenue shot up by 83 percent.
With such optimistic numbers, there must be a crescendo of Cupertino, Calif. executives slapping their hands and asking ‘Why did we wait so long?’
[AppleInsider]
