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Apple's Decade: How It Can Hit $500

A report by OTR Global claims that Apple has contracted to product a UMTS/CDMA hybrid iPhone due in the third quarter of 2010 that will operate on all carriers. That means the end of iPhone/AT&T exclusivity domestically and it infers the end of international exclusive distribution deals as well. The research note also identifies the new phone as having a smaller screen than the current 3.5-inch display.

AT&T (T - Get Report) has struggled to keep up with the networking data demands of iPhone users and as a result has kept many potential customers away from the product. The potential of Apple releasing the iPhone through Verizon (VZ - Get Report) in 2010 is a big catalyst for this stock.

My forecast is for Apple to sell an average of 14.8 million iPhones per quarter in 2011. This equates to a total of 59.2 million iPhone unit sales for the year or a 17.7% share of the expected 334 million unit/year smartphone market.

See you at Apple $500.

Now Read: Apple's Decade: In Position to Win>>>

Apple's Decade: Innovation Kings>>>

Apple's Decade: A Matter of Trust>>>

Apple's Decade: Waiting for Tablet >>>

At the time of publication, Schwarz was long Apple.

Jason Schwarz is an option strategist for Lone Peak Asset Management in Westlake Village, Calif. He is also the founder of the popular investment newsletter available at www.economictiming.com. Over the past few years, Schwarz has gained acclaim for his market calls on the price of oil, Bank of America, Apple, E*Trade, and his precision investing in S&P 500 option LEAPS. His book, The Alpha Hunter, is set to be released by McGraw Hill in December 2009.

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SYM TRADE IT LAST %CHG
AAPL $125.01 -0.63%
NOK $6.48 1.57%
T $33.38 -1.01%
VZ $49.64 -0.90%
FB $78.10 0.70%

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S&P 500 2,080.15 -9.31 -0.45%
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