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RBC: Verizon iPhone to sell 9-10 million units in 2011

Updated Dec 19th, 2018 6:59PM EST

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In a note to investors on Monday, RBC Capital Markets Managing Director Mike Abramsky stated that Verizon Wireless may sell 9-10 million iPhones in 2011. The figure represents RBC’s preliminary estimates covering the 2011 calendar year. RBC’s projection is up to double the street’s earlier consensus of 5 million units. Abramsky notes that while Apple CEO Steve Jobs may make an appearance at the Verizon Wireless iPhone event scheduled to take place tomorrow, RBC does not anticipate additional product announcements. Previous rumors suggested Apple might also announce an iPad 2 compatible with Verizon Wireless’ data network at the event. Verizon Wireless is expected to announce the CDMA iPhone at a special press event tomorrow, January 11th, and BGR reported exclusively that the device looks set to launch on February 3rd.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.