RBC Says Apple (AAPL) Reducing CDMA iPhone Build Plans (VZ)

RBC Capital Markets analyst Mike Abramsky said that the Apple Inc. (NASDAQ: AAPL) will be pulling back on manufacturing plans for a CDMA version of the iPhone that would be compatible with the Verizon (NYSE: VZ) wireless network.

The CDMA-version of the iPhone is expected to come to Verizon in early 2011, but the lowered manufacturing projection from Abramsky pushes his forecast for sales down to 20 million from 30 million.

Abramsky added that the company is also plans to build more iPads at the end of 2010 than previously anticipated, as the company apparently sees strong holiday sales.

The analyst said that the Apple is planning to build 40 million iPads in 2011, which is above the projects of Wall Street.

Concerns have surfaced over the potential growth of the iPad, as more Google Inc. (NASDAQ: GOOG) Android-based tablets come to market and the new MacBook Air could be cannibalizing Apple Tablet sales.

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