“RBC Capital analyst Mike Abramsky in a research report to clients Monday, said his checks with European resellers indicate unlocked units are accounting for as much as 40 percent of iPhone sales at some stores,” Slash Lane reports for AppleInsider.
“Abramsky also believes that unlocked iPhones comprise as much as 27 percent of US sales. Combined, he said, between 25 and 30 percent of iPhones have thus far been sold to with the intent that they’d later be operated unlocked,” Lane reports.
Lane reports, “The analyst noted that those estimates are consistent with the 25 – 35 percent of Pearl sales which handset maker RIM claims to sell without a dedicated data plan. ‘Unlocked sales, though a headache for carriers, are positive for Apple and in our view bode well for global iPhone demand (including further international demand/uptake in countries in which Apple has not yet launched), […] and for Apple exceeding its 10 million [unit] 18-month target,’ he wrote.”
“More generally, Amramsky used his report to speak favorably of Apple’s potential to weather the ongoing economic downturn, explaining that while the Cupertino-based firm is certainly not ‘recession proof,’ it exhibits signs of being ‘recession resistant,'” Lane reports.
Lane reports, “While iPod growth has undoubtedly slowed over the past four quarters, Abramsky maintains that the platform is still healthy with revenue growth of 17 percent and opportunities for the handhelds to undergo a transition to new form factors.”
More in the full article here.
Abramsky gets it.