But if future phone shipments experience further delays, there is some risk that consumers may choose not to wait and instead purchase competitors’ phones.
“Our survey certainly suggests that there are a lot of people who want it, and there are probably more Android users moving to Apple than vice versa,” Milunovich said.
A future deal with China Mobile, which has around 600 million subscribers, could help Apple “dramatically,” but may not occur until late 2013 or possibly even 2014, Milunovich said.
“That becomes important for the stock as you get into next year. You get those first big two quarters of iPhone 5 shipments, and then it starts to level off and people are like what’s next?” he said.
—By CNBC.com's Katie Little; Follow Her on Twitter @katie_little
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Within the past 12 months, UBS Securities has received compensation from this company/entity: Dell, Hewlett-Packard, Apple.