A note to investors on Thursday by J.P. Morgan analyst Mark Moskowitz reveals that the iPhone 5 is expected to be released in September. The device is also expected to feature 4G LTE connectivity.
“We think that a combination of revolutionary hardware enhancements and software-driven services (i.e., Passbook, Maps, FaceTime over cellular) stand to reaffirm the iPhone as the leading smartphone in 2013,” Moskowitz wrote.
The analyst estimates that sales of the future iPhone will most likely score records in the holiday season.
“Overall, our expectation of stronger iPhone unit sales and the related mix benefits partially counters our lower growth assumptions for the iPad and Mac businesses,” he wrote.
However, “we think that the company’s incremental market penetration opportunities can help the Mac become a major contributor to overall company growth in the coming years,” Moskowitz added.
The report comes ahead of iPhone’s 5th anniversary, celebrated tomorrow.
According to statistics made by Strategy Analytics, since its launch in late June 2007, the handset has grossed more than $ 150 billion with 250 million copies sold.