“Analyst Shaw Wu with Sterne Agee raised his December quarter forecast for iPhone sales by 500,000 units in a note to investors on Monday. He believes Apple could sell even more than 46.5 million units, but he has heard from sources in Apple’s supply chain that company may face production constraints of the iPhone 5 due to its use of new in-cell touch panels,” Neil Hughes reports for AppleInsider.

“Wu expects record-shattering iPhone 5 sales as he views the product as a ‘significant update’ that ‘will drive a powerful product cycle,’” Hughes reports. “With iPhone sales forecast to reach 46.5 million in the December quarter, Apple is expected to set a new record for iPhone sales in the holiday shopping season. The company’s previous best quarter came at the end of 2011, when Apple sold a record 37 million iPhones.”

Read more in the full article here.

MacDailyNews Take: There are only 97 days and 12 hours ’til Christmas!

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