RBC Capital Sees Verizon (VZ) Selling 1M Apple (AAPL) iPhones in First Week

Now this is product endurance. Eight months after Apple Inc. (NASDAQ: AAPL) launched the iPhone 4, on Wall Street analyst is looking to for the company to sell one million units of essentially the same device when it hits Verizon (NYSE: VZ) for the first time.

RBC Capital analyst Mike Abramsky said Wednesday that he believes Apple and Verizon will team up to sell more than one million units of the iPhone 4. The analyst sees the momentum continuing throughout the quarter, with 3-4 million units sold in the first quarter of availability.

Abramsky said that the Verizon will not see the 5 million unit level seen by AT&T Inc. (NYSE: T) when it debuted in July for a number of reasons including not being aggressive with early upgrades, and Verizon has too many users already under contract with Google Inc. (NASDAQ: GOOG) Android devices.

RBC sees the Apple/Verizon partnership will result in 9-10 million iPhones sold in calendar year 2011, but cautioned that the number could be conservative.

On Verizon, Abramsky sees Apple surpassing Android as the most popular smartphone platform on the network in 2011.

RBC maintains a Buy rating on Apple with at price target of $425 on the stock.

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