“Analyst Michael Walkley with Canaccord Genuity issued a pair of research notes to investors on Friday in which he has projected how the tablet and smartphone markets will shake out over the next year,” Slash Lane reports for AppleInsider. “He sees 2012 being another banner year for Apple, with sales of 116.4 million iPhones and 54.6 million iPads.”

“Projected sales of 116.4 million iPhones would be nearly 20 million greater than he estimates Apple sold in 2011, with conservatively estimated holiday sales of 30.5 million,” Lane reports. “Apple will officially confirm iPhone sales on Jan. 24.”

Lane reports, “As for the iPad, Walkley has called for Apple’s market share to dip to 52.4 percent in 2012 on sales of 54.6 million. He assumes Apple closed out 2011 with total sales of 38.1 million iPads, with 13 million sold in the last quarter of the calendar year. Those totals for 2011 would represent 63.2 percent of tablets sold in the year.”

Read more in the full article here.

MacDailyNews Take: Too low on both counts. iCal’ed.

[Thanks to MacDailyNews Reader "Dan K." for the heads up.]