Apple has bested most all of its competitors and is widely acknowledged to make some of the highest quality products in the world, but now a new report says the tech giant will have to adjust to its new role as an industry heavyweight, a change from its traditional underdog status.

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Apple and Samsung are expected to collectively earn 90 percent of profits in the mobile handset industry this year, with no formidable challengers in sight.

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Shortly after Apple unveiled the new iPad, Wall Street analysts weighed in with their opinions of the device. Most are predicting that it will help "cement" Apple's market dominance.

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Analysts on Wall Street were blown away by Apple's blistering holiday 2011 quarter, and promptly revised their estimates even higher following the news.

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Investment bank UBS now believes Apple will sell as many as 30 million iPhones in the December quarter, up from a previous estimate of 28 million.

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Citing weaker-than-expected demand for tablets, Corning has reduced its sales forecast for Gorilla Glass, though disappointing sales are believed to be related to non-iPad tablets, not Apple.

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A Taiwanese newspaper made waves on Wednesday by claiming that Apple has reduced orders for the iPhone 4S, but a trio of separate reports specifically dispute the rumor.

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Apple's capital expenditures in its 2012 fiscal year are projected to increase by $3.4 billion, as the company gears up for major projects like its new solar farm in North Carolina, and a new corporate campus in Cupertino, Calif.

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Following Apple's unveiling of the iPhone 4S on Tuesday, Wall Street's response was relatively subdued, though analysts remain optimistic that Apple sales growth will continue to rise.

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Responding to the news that Steve Jobs is stepping down as Apple CEO, Wall Street analysts affirmed the company's position, predicting a relatively uneventful transition for the company and calling Tim Cook "the ideal candidate" for the role.

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The addition of Sprint as the third iPhone carrier in the U.S. would add 1.2 million sales this year, helping Apple achieve its strongest holiday quarter ever, according to one analysis.

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Analysts for investment bank UBS raised their 2011 forecast for Apple's iPad on Wednesday, predicting total sales of 37.9 million units for a projected 63 percent market share.

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Both Nokia and Apple have remained mum on the financial terms of their patent lawsuit settlement, but a glimpse at the deal Apple was able to broker is expected to be seen in next week's quarterly earnings report.

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Categorizing Apple's rumored entrance into the high-definition television market as an "eventual" next step, a new analysis concludes that such a move could increase the company's market capitalization by $100 billion, or $100 per share in incremental value.

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Though Apple will pay Nokia a one-time sum and ongoing royalties as a result of their new settlement, one analyst believes the timing of the agreement suggests Apple was able to negotiate a favorable outcome.

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Apple has taken an early lead in the race for seamless access to content, but Google and Microsoft remain close contenders, according to a new analysis.

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Apple's competitively priced iPad is expected to reduce sales of low-end notebook PCs in 2011, when consumers are projected to buy at least 28 million of the touchscreen tablet, one analyst believes.

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Apple has announced that its Quattro Wireless subsidiary will no longer accept new campaigns for conventional mobile banner ads and that all resources will be devoted to interactive iAds instead.

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Apple again exceeded expectations on Tuesday, when it reported its quarterly earnings, with record Mac sales and signs that the company can sustain its continued growth.

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The iPhone 4 launch is expected to far exceed last year's debut of the iPhone 3GS, as Apple could see as much as 1.5 million units sold, with users said to be most excited about the addition of FaceTime.

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