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Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.7% of all new-phone sales in the United States and 6.3% of all replacement-phone sales. Industry forecasts predict 18.3 million new-phone buyers and 30.3 million replacement-phone buyers in 2014. If the average Raspberry phone costs $88.15, what sales revenues is the company forecasting for 2014?

Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.7% of all new-phone sales in the United States and 6.3% of all replacement-phone sales. Industry forecasts predict 18.3 million new-phone buyers and 30.3 million replacement-phone buyers in 2014. If the average Raspberry phone costs $88.15, what sales revenues is the company forecasting for 2014?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Chapter 12, Question 3

**Sales forecast based on external data.** Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.7% of all new-phone sales in the United States and 6.3% of all replacement-phone sales. Industry forecasts predict 18.3 million new-phone buyers and 30.3 million replacement-phone buyers in 2014. If the average Raspberry phone costs $88.15, what sales revenues is the company forecasting for 2014?
Transcribed Image Text:**Sales forecast based on external data.** Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.7% of all new-phone sales in the United States and 6.3% of all replacement-phone sales. Industry forecasts predict 18.3 million new-phone buyers and 30.3 million replacement-phone buyers in 2014. If the average Raspberry phone costs $88.15, what sales revenues is the company forecasting for 2014?
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