Apple is currently producing iPad Mini and Apple iTV devices for release by the end of 2012. According to analyst Peter Misek of Jefferies, the company’s manufacturing partners are working at full speed to get both products ready for release.
Misek notes that Taiwanese sales data from July and information from various sources confirms that iPad mini orders were increased from 18 million to 25 million for the September quarter. Apple is also expected to up that number to 30 million for the December quarter as the holiday sales season rolls along.
The news would seem to fall in line with Foxconn’s revenues for June which were up 5 percent in a typically flat month.
Speaking to Forbes, Misek also notes that the iTV could roll out before the end of the year. According to Peter:
“Recent data out of Sharp, Hon Hai and other specialty chemical and TV component suppliers support this.”
Misek believes that Apple will “leverage AT&T‘s and Verizon’s content deals for the iTV.”
The end of 2012 leading into 2013 looks to be a good time for Apple; Misek predicts fiscal 2013 will bring with it a value of $63 per share with the iPhone 5 leading to new sales records. Misek also predicts the iPad minis will fare well with eight million units sold during the holiday quarter at a cost of $300 each.
Misek predicts that the HDTV friendly iTV’s will move 2 million units at a cost of $1,250. If those numbers are correct, Apple will stand to increase revenue by nearly $5 billion.
Apple is not expected to announce the Apple iTV during its September 12 press event.
Misek has raised his target share price for Apple to $900.