Question: Raspberry Phones uses external data to forecast the coming year s
Raspberry Phones uses external data to forecast the coming year’s sales. Raspberry Phones have 8% of all new phone sales in the United States and 6% of all replacement phones. Industry forecasts predict an additional 18 million new phone buyers and replacement sales of 31 million phones in 2010. If the average Raspberry phone costs $85, what sales revenues is the company forecasting for 2010?
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