Since the WWDC announcement regarding the iPhone 3G's new price and wider availability, various Apple analysts have been weighing in with predictions of just how well the device will sell in the coming months. In general, the analysts believe that iPhone sales are about to take off, and now RBC Capital Markets analyst Mike Abramsky has given us his set of sales and revenue estimates. iPodNN has the details of Abramsky's most recent research note, which suggests that Apple will sell more than 10 million iPhones this year, and more than 20 million in 2009.
Abramsky believes that the new iPhone will cause Apple to move 5.1 million units between July and September, which would represent a more than 300 percent increase from the third calendar quarter of 2007. Things will get even better during the Christmas quarter, with Apple expected to sell 6.5 million iPhones during that period. If you're doing the math in your head, that's already more than Steve Jobs' 2008 target of 10 million iPhones. Once you add in sales from the first two quarters, Abramsky is predicting a total of 14 million iPhones will be sold.
In 2009, iPhone sales are expected to rise to even higher levels, and in this case Abramsky believes 24 million or so units will be sold. All those iPhones will mean good things for the revenues, of course. The rise in iPhone sales is expected to add between $1.8 and $6.8 billion of revenue to Apple's bottom line during fiscal year 2009 (October 2008 to September 2009), leading to an extra 29 cents to $1.09 of earnings per share.
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