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Apple Will Beat Expectations And Ship Nearly 14 Million iPhones This Year: Analyst

And the drum beat continues …RBC Capital Markets analyst Mike Abramsky predicts that Apple (NSDQ: AAPL) will easily beat its expectations to sell 10 million iPhones this year, shipping closer to 14 million units this year and 24 million in 2009. As part of the expectations, Abramsky raised his price target on Apple to $220 from $200, while maintaining an “outperform” rating, Canada’s National Post reports. His two reasons for the increase in sales: the 3G phone, which will have more features, and changes to Apple’s business model. This is the same analyst who estimated only two weeks ago that Apple sold 1.8 million iPhones during its fiscal second quarter for a total of 5.5 million for the year. At that rate, it would put the company on track to mildly beat its 10 million-phone forecast, so he’s obviously banking on the 3G phone to accelerate sales.