What if Verizon never gets Apple’s iPhone?

RBC Capital’s Mike Abramsky “is not surprised Apple and Verizon may be having trouble striking a deal,” Philip Elmer-DeWitt reports for Fortune.

P.E.D. reports, “If the two companies don’t come to terms, what does it mean? According to Abramsky… The impact of on RBC’s estimates (currently assume 55 million iPhones fiscal 2011) is ‘nominal’ … He had previously assumed 6-8 million iPhones could come from Verizon in 2011, but some of that — perhaps up to 4-5 million — could be made up by T-Mobile and Sprint.”

“Given Apple shares has been rising recently largely on its fundamentals, Abramsky doesn’t expect this development to have a major negative impact on its share price,” P.E.D. reports.

Read more in the full article here.

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