Apple results out today after the closing bell!

Apple will release a slightly tweaked version of its existing iPad alongside a much-rumored 7-inch model after the sixth-generation iPhone launches in early September, says KGI Securities analyst Ming-Chi Kuo.

In a note to investors on Monday, Kuo said Apple is set to debut a next-generation iPhone in early September and follow up with a smaller 7-inch iPad model shortly after, reports MacRumors.

Kuo notes that unit shipments shouldn't see a massive bump during the launch quarter, however, as limited component availability and a short on-sale time for the new device will combine with

consumers anticipation of a new handset to reflect only a slight increase to sales.

"iPhone 5 to debut in September. But due to in-cell touch panel and casing yield rate limits, ability to offset older models' shipments decrease will be moderate," Kuo writes.

Following the new iPhone will be a rumored smaller iPad model, also seeing a likely announcement in September following a manufacturing ramp-up in August. While initial sales of the as-yet-unannounced device will be somewhat modest, Kuo sees an impressively strong performance in the holiday quarter and estimates sales of over 13 million units. If correct, the sales numbers would put the so-called "iPad mini" out in front of its bigger brother.

Adding to earlier reports that Apple may be tweaking the internals of the third-generation iPad, Kuo cites sources who claim the changes won't be aesthetic and are meant to cut component costs and improve thermal performance.