Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming year's...
Sales forecast based on external data.
Raspberry Phones uses external data to forecast the coming year's sales. The company has 7.6% of all new-phone sales in the United States and 5.7% of all replacement-phone sales. Industry forecasts predict 18.1million new-phone buyers and 30.1million replacement-phone buyers in 2014. If the average Raspberry phone costs $84.20, what sales revenues is the company forecasting for 2014?
$___(Round to the nearest dollar.)
Homework Answers
New phone sales ( in units) = 18.1 million * 7.6% = 1.3756 million
Replacement phone sales (in units) = 30.1 million * 5.7% = 1.7157 million
Sales revenue = (1.3756 + 1.7157) * 84.2 = 260,287,460 ( rounded off)
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