I’m waiting for the iPhone 5, is probably something you’ve heard all over – or perhaps your waiting yourself. iPhone 4S sales were huge last year, so what does this mean for the iPhone 5? We all know that phone sales in general are down right now, due to the fact that so many consumers are holding out for the long awaited iPhone.

The iPhone 5 promises an improved experience with new features, but mostly fixes to all the inaccuracies that disappointed users in the iPhone 4S. Analyst William Power of Robert W. Baird predicts that based on a recent survey of 2,000 customers Apple could sell 50 million+ iPhone 5 devices in only the U.S. This is much, much more than the 37 million iPhone 4S devices that were sold worldwide last year during launch.

Devindra Hardawar of VentureBeat says that the survey also found some other interesting findings:

“The Baird survey found that 39 percent of respondents were eligible for a phone upgrade (6 percent will be eligible in three months), and of that cross-section 45 percent planned to purchase an iPhone. Meanwhile, only 22 percent of potential phone buyers wanted an Android device (and 31 percent were still undecided)…

Power’s survey also found that iPhone users were the most loyal to their platform, with 77 percent saying they’d buy another iPhone. Only 48 percent of Android users said they’d be sticking with Google’s platform. Notably, 17 percent of current Android owners were interested in jumping ship to the iPhone.

Another interesting find: The survey noted that 51 percent of consumers were interested in an Amazon smartphone…”

This is good news for Apple, and also very promising news for Amazon. It will be interesting to see how the sales turn out, and if the iPhone 5 eliminates all the gripes of the 4S.

Are you holding out for the iPhone 5, or have your eyes on a different device? Any thoughts on an Amazon smartphone? Let us know in the comments section.