Gene Munster: Major iPhone Redesign Finally Coming in 2012
For the first nine months of 2011, the tech rumor mill churned out one report after the next about the forthcoming "resigned" iPhone 5. Although, in retrospect, it appears that the rumor mill got that one wrong, prominent Piper Jaffray analyst Gene Munster says the prediction may have been early, but it definitely wasn't wrong.
Last October, the world was introduced to the iPhone 4S - not the iPhone 5. The next generation iPhone (which will probably be named "iPhone 5") will see the long-awaited redesign, which could be drastic based on Munster's estimates. The tech watcher says Apple's total lack of any major hardware redesign in 2011 bodes well for something new and potentially groundbreaking in 2012.
Coinciding with his prediction about the iPhone 5 redesign, Munster believes sales for the iPhone 5 will be astonishing. "We expect buzz around a redesigned iPhone 5 to escalate in early CY12 until Apple launches it midway through the year," Munster told investors Wednesday. "The iPhone 5, along with deeper penetration of cheaper iPhone models in more price sensitive markets, should drive higher-than-expected iPhone growth into CY13. Our bull case scenario reflects CY13 iPhone revenue growth of 35% vs. base case growth of 18%."
Looking ahead to 2012, Munster has a fairly simple set of predictions for the devices that will dominate the Apple product family over the next twelve months: the iPhone 5, iPad 3 and - you guessed it - the presently mythical but widely anticipated connected HD Apple television.