10 Ways Apple Can Hit $1,000

Munster is looking for the Macs to have Retina Display, and include Intel's(INTC) Ivy Bridge chips, which are important updates. "We note this next Mac refresh would be the first meaningful update in over a year and should reaccelerate Mac sales, which were up 5% y/y in the March quarter," he said.

iPhone 5

Apple's next version of the iPhone is expected to be one of, if not the most anticipated product launch in Apple's history, given the rumors swirling around it.

The iPhone 4S was more of an evolutionary upgrade than revolutionary, but Munster expects a completely different design, despite worries over Qualcomm's(QCOM) shortage of 28 nanometer chips. He expects metallic rear paneling, the potential for a 4-inch screen, the ability to run on the 4G networks from Verizon(VZ) and AT&T(T) , a higher megapixel camera and a better processor and memory.

"We continue to believe there is an 80% chance that Apple can make our 49 million iPhone 5 unit estimate without supply difficulty in the December quarter."

Apple television

The prevailing rumor is that Apple will release a television set later this year that will revolutionize the industry. Munster believes that Apple could announce the product in December.

Munster believes the Apple TV should cost anywhere between $1,500 and $2,000 with various screen sizes, perhaps 42 inches to 55 inches and feature various Apple products as accessories. "Aside from user interface control enabled by an iPhone/iPad app, we believe the TV may include a Siri based voice-control system as well as the App Store to enable consumers to play games, listen to music, etc. on their Apple Television set."