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.