Apple is poised to sell 200 million iPhones in 2013. This projection, by Katy Huberty with Morgan Stanley, is the result of a meeting with a supplier and distribution partner of Apple in Asia, according to AppleInsider.

According to the report, Apple is likely to sell 25 million iPhones in the current quarter, which ends on Sept. 30. However, a far bigger sales number is expected in the final quarter of 2012. Huberty believes Apple will sell 50 million iPhone units from October through December.

In a note to investors, the analyst concludes that China will be a “meaningful catalyst for Apple,” assuming the iPhone 5 ships with carrier China Unicom in December. Apple’s sixth generation handset is also set to arrive on China Telcom and China Mobile in 2013.

In other news, Huberty is bullish on the so-called iPad Mini, which should launch later this year. Specifically, she explains that the Mini’s entry is expected to lower average selling prices for the iPad lineup.

She expects the new, smaller iPad to account for between 35 percent and 40 percent of total iPad shipments, reducing the average selling price of an iPad to $483 in the December quarter, and $468 in calendar 2013.

Finally, Huberty believes Apple’s share price could rise to as high as $960 under a “bull case” scenario. The stock is currently trading at around $700 per share.

Morgan Stanley: Bullish on Apple stock

Morgan Stanley: Bullish on Apple stock

The iPhone 5 is available in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the United Kingdom. On Friday, Sept. 28, it arrives in Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, Hungary, Ireland, Italy, Liechtenstein, Lithuania, Luxembourg, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.