BMO Capital Markets

How many Verizon iPhones will Apple sell next year?

December 9, 2010: 12:59 PM ET

Analysts are baking the new carrier into their 2011 estimates, but low-balling sales

On Wednesday, Stifel Nicolaus' Doug Reid raised his Apple (AAPL) target price to $390 per share (from $360) based in part on his "increased confidence" of a Verizon (VZ) launch in early 2011 (mid-February is his best guess).

On Thursday, Merrill Lynch's Scott Craig did the same, raising his target to $420 (from $415) for similar reasons. "We expect a Verizon iPhone to be introduced in early C2011," he wrote, "and we are now baking Verizon into our estimates."

So how many Verizon iPhones are they baking in? Surprisingly few.

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