Redesigned iPhone 5, expanded iPad lineup anticipated from Apple in 2012

Gene Munster with Piper Jaffray said in a note to investors on Wednesday that as Apple did not redesigned several major products in 2011, the analyst suggest that significant changes could be made in 2012. Among such changes are said to be redesigned rumored iPhone 5 that is predicted to debut in the middle of 2012, as well as an expansion of the iPad lineup into both lower and higher price points.

The launch of a so-called "iPhone 5" in 2012 would set the stage for outperformance in 2013, in Munster's eyes. He offered two scenarios for Apple's products in 2013. According to the first scenario, Apple will sell 142 million iPhone units, good for an 18 percent increase in revenue. According to the more successful scenario, Apple will sell 162 million iPhone units throughout 2013, amounting to a 35 percent increase in revenue. As for a total revenue growth for Apple in calendar 2013, Munster suggests that the growth will reach 14 percent, but he noted that such estimates are rather conservative. More prospective scenario shows that Apple’s revenue will increase by 28 percent in calendar 2013.

As for iPad lineup, Munster believes that Apple will just release one third-generation iPad to replace the current iPad 2. But Apple may decide to expand the iPad lineup into both lower and higher price points. Munster predicts that Apple will sell 66 million iPads in calendar 2013, representing an 11 percent increase in revenue from the estimates for 2012.

Finally, Munster also predicts growth in the Mac platform. He expects that Apple will launch new models with new form factors and a broader range of prices in calendar years 2012 and 2013. Reports have suggested Apple plans to redesign its MacBook Pro lineup in 2012, and also expand the MacBook Air line with a new 15-inch model. According to Munster ‘s expectations, Apple will sell 24 million Macs in calendar 2013, a 15 percent increase from his estimates for 2012.