Canaccord Adams Raises Q2 iPhone Sales Estimates (NASDAQ:AAPL)

After checks with key global carriers, Canaccord Adams raised its second-quarter Apple (NASDAQ:AAPL) iPhone sales estimate to 7.9 million units from 7.2 million.

However, because it now expects Apple to launch an iPhone for the Verizon Wireless network in the first quarter of 2011, the firm trimmed its fourth quarter iPhone estimates by 800,000.

Canaccord cautioned that a manufacturing bottleneck could limit iPad availability.