“Sales of the Apple (AAPL) iPhone in Europe are better than some investors thought, according to a research note today by RBC Capital’s Mike Abramsky,” Eric Savitz reports for Seeking Alpha.
“Abramsky says carrier meetings and store visits in the U.K., France and Germany “point to solid European iPhone momentum.” He expects the company to sell 400,000-500,000 iPhones in Europe in the fiscal first quarter ending December 31, of an expected 1.65 million units. He sees 4 million units selling in Europe in calendar 2008; he raised his forecast for total calendar 2008 iPhone units to 12.5 million from 12.1 million,” Savitz reports.
“And he adds that once Apple launches a 3G version and spreads distribution to more countries, ‘European iPhone sales appear poised for material improvement in demand and momentum.’ Abramsky tweaked his EPS outlook for the company; he now sees $4.81 for FY ‘08, up from $4.80; he goes to $6.02 from $6 for FY ‘09,” Savitz reports.
Full article here.
[Thanks to MacDailyNews Readers “I ♥ MDN,” “Andrew Orlowski is an Idiot,” and and “Mike in Helsinki” for the heads up.]