Question: 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
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 5.6% of all replacement-phone sales. Industry forecasts predict 18.5 million new-phone buyers and 30.6 million replacement-phone buyers in 2014. If the average Raspberry phone costs $88.30, what sales revenues is the company forecasting for 2014 ? What sales revenues is the company forecasting for 2014 ? (Round to the nearest dollar)
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