iPhone 5? Apple Might Not Need It

Apple is expected to report another impressive quarter next week.

Analyst Bill Shope of Goldman Sachs anticipates that the company will announce sales of 31.1 million iPhones and 12.5 million iPads, Barron’s reported. Shope’s numbers were raised from previous sales estimates of 28.2 million iPhones and 10.1 million iPads. The analyst’s figures, even if they prove accurate, still won’t represent the volume Apple had in its most recent quarter when it sold 37.04 million iPhones and 15.43 million iPads during the busy holiday season.

Apple will report its second fiscal quarter results on Tuesday, April 24.

The Wall Street analyst also projects that Apple will report a profit of $36.9 billion and earnings per share of $10.18, Barron’s reported, up from a previous estimate of $34.2 billion and EPS of $9.36.

Apple’s latest iPhone  the iPhone 4S  was introduced in October 2011 while the company released its most recent iPad last month. Apple sold 3 million of the new tablet computers in just a few days after its debut.

The new iPad is set to arrive in South Korea and 11 other countries on Friday: Brunei, Croatia, Cyprus, Dominican Republic, El Salvador, Guatemala, Malaysia, Panama, St Maarten, Uruguay and Venezuela. Later this month, Apple will introduce the device to Columbia, Estonia, India, Israel, Latvia, Lithuania, Montenegro, South Africa and Thailand.

The iPhone 4S remains the best-selling smartphone on the planet despite being six months old. Few would be surprised if it hung on to that crown for a long time even if a sixth-generation device were never to come out. The next iPhone is expected to hit store shelves later this year.

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