Verizon (NYSE:VZ) to Sell 1 Million Apple (NASDAQ:AAPL) iPhones First Week

The release of the Apple (NASDAQ:AAPL) iPhone by Verizon should result in about 1 million units being sold in the first week, according to RBC Capital analyst Mike Abramsky.

For the quarter, Abramsky sees Verizon selling from 3 million to 4 million units of iPhone 4.

He added that Verizon won't see the approximate 5 million in sales enjoyed by AT&T (NYSE:T) when they first released the iPhone, citing the number of users already under contract by Verizon with Google Inc. (NASDAQ:GOOG) Android devices, and lack of aggressiveness with early upgrades.

For the calendar year 2011, Abramsky sees sales of the iPhone reaching about 2011 for Verizon, although noting that could be a conservative estimate.

RBC maintains a "Buy" rating on Apple (NASDAQ), which was trading at $357.68, up $2.48, or 0.70 percent, as of 11:41 AM EST. Verizon was trading at $36.53, up $0.19, or 0.54 percent.