He also said that Apple will ship 114.5 million iPhones in the whole of 2012, as opposed to its earlier estimate of 109.1 million. However, current iPhone sales were declining as consumers wait for the next-generation handset to launch.

Shope said that sales of Macs would increase from 16.36 million units in 2011 to 18.64 million in 2012, growth of 13.9 percent.