Dan Frommer on Verizon’s financial guidance for 2011:
It’s basing its forecast on the idea that it will sell 11 million iPhones this year.
So, Verizon thinks they’ll average 1-million iPhones per month this year? No.
Verizon CFO Fran Shammo said during an investor presentation that it was basing the 11 million projection on the Street consensus estimate for 2011 Verizon iPhone sales.
The 1-million number is not Verizon’s, but comes from analysts.
My guess is they’re guessing.