Analyst: Apple Roaring Back With New iPhone, iPads

 Apple's dropping stock price may have plunged the tech giant's market capitalization below $500 billion for the first time in months, but one financial analyst believes new iPhones and iPads will have sales roaring back in time for the holidays and into 2013.

The release of the iPhone 5 and two new iPads will help Apple beat revenue projections in the last three months of 2012, according to Morgan Stanley's Katy Huberty, who sent a note to investors Friday that was picked up by CNET.
What's more, Apple could be looking at lower prices from suppliers of components for its iDevices, according to Huberty. This despite a recent rumor that Samsung had raised the price of the ARM-based A-Series chips it makes for Apple by 20 percent, which a Samsung executive reportedly denied a few days later.

The Morgan Stanley analyst said key Apple suppliers were talking up higher-than-anticipated revenue to their own investors, indicating that Apple's sales could come in better than expected as well, and those suppliers are also "seeing above-average orders from Apple for next year's first quarter," CNET noted.

Huberty told investors that she expects a big movement among current iPhone owners to upgrade to the iPhone 5 this quarter and in the first quarter of 2013, while the recent introduction of the fourth-generation iPad and new 7-inch iPad mini will also drive more sales than expected.

Culled from PCMAG