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Munster: New Macs for MWSF, small iPhone by second quarter '09

Our favorite-named analyst, Piper Jaffray's Gene Munster, predicts that Apple will announce new Mac models at Macworld Expo, and a smaller iPhone for the March quarter.

Piper Jaffray expects that Apple will sell 45 million iPhones during 2009, though that estimate is predicated on the fact that Apple will release a lower-cost iPhone model early in the year, priced between $99 and $149.

As for Macworld Expo, the expectation is that there won't be any groundbreaking announcements, since Phil Schiller will be giving the presentation. They do expect new iMac or Mac mini models, however.

Piper Jaffray is maintaining its "buy" rating, and $235 price target, on shares of AAPL. The stock was up slightly during morning trading.

[Via StreetInsider.]

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