After unveiling a marginally improved iPhone 4S in 2011 instead of a radically different iPhone 5, Apple has returned to its development labs to cook up (no pun intended) the next iteration of its popular phone. In 2012, we're pretty certain that the real iPhone 5 will roll out of Apple's gates and that the device should be a bigger leap forward than the 4S was.
The iPhone will comprise roughly 50 percent of Apple's total revenue in the next reported quarter, wrote Tavis McCourt of Morgan Keegan.
"We expect iPhone revenues to represent 47.5% of Apple's total revenues in [the December quarter], up from 38.8% in the Sep. quarter, and up from 39.1% in the year ago period," he wrote.
And he is upping his iPhone shipment estimate for the quarter to 29 million from the previous estimate of 27 million.
The iPhone 5 and Apple TV will be significant growth drivers later in the year. "We expect iPhone 5 in fall 2012 to be a significant revenue and earnings growth driver, and a potential Apple TV as upside to our model if it comes to fruition this year," he wrote.
What else can we expect on the iPhone 5 front? Instead of going through a litany of rumors, suffice to cite one of the most recent rumors about its physical construction. A combination of aluminum on the back and a "rubber or plastic material" along the sides that will bridge the front and back of the device.
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