If prominent Wall Street analyst Gene Munster proves wrong in his incessant prediction for a dramatically redesigned iPhone 5, he may very well lose the "prominent" part of his reputation as an analyst with Piper Jaffray.
On Wednesday, Munster once again reiterated his assertion that Apple is going to surprise the multitudes with a completely different look for the next-gen iPhone (which he calls the iPhone 5). This time around, however, Munster says the next incarnation of the iPhone will be a "monster."
"If Apple sells 30 million-plus iPhones in Dec., with no new form factor, up from 17.1m in Sept., it would be evidence supporting our survey work indicating that 94% of iPhone users plan to upgrade to a new iPhone," Munster revealed today. "This theme suggests iPhone 5, which we are expecting in Aug. with a new form factor, will be a monster upgrade."
Munster raised his iPhone number to 30 million from 26 million for fiscal Q1 ended in December. He reiterates an iPad unit estimate of 13.5 million. He sees Apple beating the Street at $40.2 billion in revenue and $10.50 in EPS, versus the consensus $38.6 billion and $9.95 per share.