Analyst: Apple's iPhone 5 on Horizon

By Josh Long Comments

Apple Inc. will release an iPhone 5 in the fall, an analyst is predicting.

"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," CNET quoted Morgan Keegan analyst Tavis McCourt as stating in a research note.

Some analysts have forecast that Apple will release a next-generation iPhone that will support the 4G LTE networks at AT&T, Verizon Wireless and other major wireless carriers in the U.S. and abroad. Apple disappointed some observers in October when it released the Siri-enabled iPhone 4S rather than an entirely new model.

The iPhone is a huge contributor to Apple's revenues. For the fiscal year ending Sept. 24, 2011, net sales of the iPhone and related products and services totaled $47.1 billion, accounting for 43 percent of total net sales.

McCourt forecasts that iPhone revenues will constitute 47.5 percent of Apple's revenues in the December quarter, which is an increase from 39.1 percent in the year-ago period, CNET reported.

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