Are you ready for 2012? Tighten your seat belts, here comes the start of chatter about an iPad update and iPhone 5 Part Deux. The 2011 iPhone 5 that morphed into the iPhone 4S, plus a wider range of iPads could set Apple up for either just a good 2013 or a spectacular 2013. Either way, don’t expect a repeat of the monster revenues predicted to end 2011.

Apple watcher Gene Munster, analyst with Piper Jaffray, believes a redesigned iPhone 5 could appear in mid-2012. The new handset could spor...