Upside to market consensus on Apple is expected from one Wall Street analyst, who sees a big holiday quarter for both the iPhone 5 and iPad mini.



From Apple Insider:

Rob Cihra of Evercore Partners updated his projections for Apple's December quarter on Thursday in anticipation of the company's quarterly earnings report, scheduled for Jan. 23. Cihra expects Apple to report sales of 50 million iPhones, a 35 percent year over year increase and 86 percent growth from the previous quarter.

As for Apple's newly expanded iPad lineup, Cihra believes the company sold 24 million touchscreen tablets in the quarter, representing 56 percent year-over-year growth and a 71 percent boost from the September quarter.

  50M iPhone sales, 'booming' iPad mini expected in Apple's holiday quarter