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Aanalyst estimates that Apple’s long-awaited CDMA iPhone should pay off handsomely, to the tune of $9 billion in 2012. According to Moskowitz, the Cupertino, Calif., iPhone maker should maintain above-market growth over the next 18-24 months, especially if boosted by accelerating CDMA market penetration in Asia-Pacific and the U.S.

Moskowitz predicts Apple will sell 10 million iPhones through Verizon in 2012, amounting to roughly $6 billion in revenues. In the overseas CDMA market, the analyst projects a 10 percent market share in 2012, resulting in approximately $3 billion in revenues.

Meanwhile, Apple could grab 10 percent of the fast-growing Asia-Pacific region, a “major piece” of the CDMA pie. Research firms such as IDC forecast 40 percent yearly growth for the China, India, Japan, and South Korea area between 2009 and 2014.

Already, Apple reported revenue from China has quadrupled to $2.6 billion in the last quarter. In Japan, Apple’s revenue shot up by 83 percent.

Several other analysts have predicted that the CDMA iPhone will soon arrive on Asian carriers, such as India’s Reliance and China Telecom. China Telecom has reportedly succeeded in activating test units of Apple’s CDMA iPhone 4 and could launch a limited test program in Beijing as early as this June.

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