“As J.P. Morgan’s Mark Moskowitz points out in a note to clients issued Tuesday, Verizon’s is not the only CDMA network,” Phillip Elmer-Dewitt reports for Fortune. “More than 560 million of the world’s 5.3 billion mobile phones carry CDMA (as opposed to GSM) chips. Of the 1.4 billion handsets sold last year [and] nearly one out of six were CDMA.”
“Apple has already started to go after these overseas markets,” P.E.D. reports. “On March 16, it launched the iPhone in South Korea, where nearly three out of four handsets are CDMA mobile phones. Next in line, according to Moskowitz: China, India and Japan.”
P.E.D. reports, “By 2012, he estimates, CDMA sales could add $9 billion to Apple’s bottom line, $6 billion from Verizon and $3 billion from overseas.”
Read more in the full article, with a handy spreadsheet of Apple’s potential CDMA targets, here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]