“This morning, Piper Jaffray analyst Gene Munster ratchets up his iPhone sales estimates, writing ‘we previously had Verizon partially baked into our model along with some cannibalization built in for iPhones sales at AT&T, but an early- or mid-[calendar year 2011] launch at Verizon is now fully baked into our CY11 estimates,'” The Wall Street Journal’s MarketBeat reports.
Our Take On The Timing Of iPhone At Verizon. Our model assumes Verizon launches the iPhone in early- or mid-CY11; while we do not know the timing of the launch we have modeled it to occur midway through the Mar-11 quarter. – Piper Jaffray analyst Gene Munster
MarketBeat reports, “Munster also moved his price target for the shares higher, to $438.”
Full article here.