Apple (News - Alert) is reportedly set to become the most profitable company ever.

Recent announcements of iOS 6 seem to only be the next step in making the company record revenue. Apple stock prices have been going up and down this year so far, but it seems to be in a swing that will see plenty of new investors.

The company is also fending off rumors of the iTV that has plenty of tongues wagging. Once this high-end television is eventually released into the market, many say Apple will be the dominant model in the HDTV world as well. Now industry analysts suggest the company is well on its way to having the most profitable year ever among publicly traded companies. 

“In CY12, we believe Apple is poised to generate the highest annual net income of any publicly traded company ever,” Topeka Capital Markets analyst, Brian White, wrote in a note to his company’s clients. “On average, we estimate Apple’s net income in CY12 will be over 6 times higher than the three tech companies on an individual basis (when at a $500 billion market cap) or 1.9 times the aggregate profit of these three companies combined.”

“When including all five companies, we estimate Apple’s net income in CY12 will be 4 times higher than the average,” he added.

White also pointed out that alongside the Apple iTV, there will be a new iPhone (News - Alert) with a four-inch display, as well as a supposed iPad Mini, which has gotten Apple investors especially excited. The new iPad Mini is rumored to be selling for $200, in order to rival the Amazon Kindle Fire and the Barnes and Noble Nook Tablet.

White said Apple currently has a buy rating and a price target of $1,111, nearly twice the price that Apple closed on Friday, meaning the company should see big stock sales on Monday.