The analyst believes a large number of Verizon feature phone users will upgrade to their first smartphone when the iPhone 4 hits.
Power was quick to add, however, that many factors could affect that number, including manufacturing capacity.
The latest analysis is the highest figure yet, ahead of Piper Jaffray analyst Gene Munster's 15 million estimate and Gleacher and Co.’s Brian Marshall's 12 million estimate.
Munster, in his analysis, added the following:
Android phones outsell iPhones in the U.S., but we believe when Verizon gets the iPhone, that trend could be reversed. As an example, in countries where the iPhone is available on multiple carriers and competes with Android, we see the iPhone outselling Android.
Written by: Andre Yoskowitz @ 30 Jan 2011 13:54