From Barrons: "The team sees Apple (AAPL) selling 156.5 million iPhone units in the company’s fiscal 2013 ending in September of next year, up from a prior forecast of 149.5 million. Regarding a forthcoming “iPhone 5,” the team writes: Although supply chain constraints are difficult to assess at this point, we expect Apple to be prepared for a big launch. Apple has been consistently accelerating the pace of each successive iPhone launch, expanding both country and carrier rollouts within a shorter timeframe. For the iPhone 4S Apple launched in 29 countries within 2 weeks of the initial launch, the iPhone 4 was launched in 22 countries within 6 weeks of launch, and the iPhone 3GS was launched in 14 countries within 1 week of its initial launch. The prospects of a complete redesign should drive a stronger than average upgrade cycle for existing iPhone users and continue to encourage other smartphone and non-smartphone users to make the switch. The authors describe the dominance of Apple and Samsung as follows: the performance disparity between the stronger players – Apple and Samsung – vs. the others remains stark and these two now account for over 50% of industry revenues and over 90% of total EBIT."