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With the second quarter of 2011 now just a memory, analysts are already looking ahead to the financial results anticipated by many tech companies. Among them are Verizon Wireless, who is predicted to show a drop in iPhone 4 sales ahead of the presumed September launch of the next model.
Bloomberg Businessweek is reporting that Verizon Wireless is expected to show a drop in iPhone 4 sales for the second quarter of 2011 which ended June 30. According to an analyst from Goldman Sachs Group Inc., the company is not expected to match the previous quarter’s sales, which included the February 3 launch of the device on the largest U.S. carrier.
“iPhone sales will likely be a touch below the 2.2 million” that Verizon sold in the first quarter, claims Goldman Sachs analyst Jason Armstrong in a research note on Thursday. Due to the mid-quarter launch of the device on Verizon’s network, that number was already lower than many anticipated for the first quarter.
Armstrong made the announcement on the heels of a meeting with investor relations executives from Verizon Communications Inc., the parent company for the wireless division co-owned with Vodafone, but the company declined to comment. While Verizon hasn’t announced a date for their second-quarter financials as yet, Apple will be revealing theirs on July 19.
The analyst also announced that sales of Verizon’s other smartphones, including the company’s first 4G LTE handset, the HTC Thunderbolt, were “above the carrier’s expectations.”
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