Apple is off to another gangbuster year, if the latest projections from J.P. Morgan are on target.
In a research note out today, the financial firm boosted its prediction for first-quarter iPhone sales to 31.1 million, from 28.1 million previously. iPad sales are now expected to reach 13.8 million, a hefty jump from the 10.1 million forecast earlier.
The bump in the first-quarter forecast will ripple forward to the rest of the year. For calendar 2012, Moskowitz is looking at iPhone sales of 138.2 million, up from the prior estimate of 128.7 million. And iPad sales could hit 69.6 million, compared with an earlier forecast of 58.6 million.
This year’s likely new iPhone will, of course, provide a major piece of the pie.