KGI Securities analyst Ming-Chi Kuo believes that Apple is pegging the iPhone 5 to release in early September and the iPad Mini soon after. Also, he expects an improved version of the third generation iPad to also come out around that time period designed to address the heating problems it had.

“Though shipments of iPad mini’s components will start in August, the new iPad line will end production, ready for transition to a modified New iPad line,” Kuo writes in the note. “As such, component shipments will drop in August as iPad mini’s components shipments growth will be offset.”

While the most recent Apple fiscal report was disappointing to the company, Kuo believes there will be huge iPhone and iPad sales for the fourth quarter of 2012. He estimates iPhone sales will hit 55 million and iPad sales are predicted to reach nearly 24 million during the quarter.

Source: Business Insider