iPhone 5 not the only reason to buy Apple Inc.(NASDAQ:AAPL) shares

The countdown to the iPhone 5 launch is in its final stages and all gadget lovers are waiting for Wednesday morning when Apple Inc.(NASDAQ:AAPL) is expected to introduce much awaited new product. Many analysts agree that this is iPhone’s biggest launch party. And in a couple of weeks, when the phone hits shop shelves, a record 5 to 5.5 million units are likely to be sold.

An analyst of Topeka Capital, Brian White says in his report, “The iPhone 4S sold over 4 million units in the first three days, and assuming supply chain constraints aren’t a major issue and the seven country rollout ensues, we believe at least 5 million to 5.5 million iPhone 5s can be sold in this same time frame.” His report also says, “With similar caveats, we believe Apple could sell 10 million to 12 million iPhone 5 units in 4QFY12, making our iPhone projections look conservative.”

Will AAPL Hit $1000 By This Year? Find Out Here

iPhone 5 will have a larger display, a sleeker look and 4G LTE connectivity and might be available on September 21, although pre-order booking might start on Wednesday itself.

White also says that this launch is just the tip of the iceberg and that Apple has much more to offer in 2012. New iPods, new iMacs, the iPad Mini, and the updated full sized iPad also form part of the Cupertino based company’s impressive product lineup. So the analyst continues to rate the Apple stock a ‘buy’ and he sticks to his earlier 52 week target of $1111.