Sarcasm aside, Mike Abramsky of RBC Capital Markets is forecasting a banner year for iPhone sales, due in no small part to their February '11 debut on the Verizon network. Abramsky predicts that Big V will move 3 million "vPhones" in the second quarter alone, with a total of 9 to 10 million by year's end. Add in the expected mid-year release of the iPhone 5G, and we're looking at 70 meeellion iPhones sold this year alone — a globel smartphone market share of 19%.
As for Apple itself, Abramsky expects the House of Jobs' 2011 revenue to hit a whopping US$91 beeellion. In keeping with that forecast, he raised RBC's target for Apple stock thirty bucks to US$395.00.
[Via Boy Genius Report]