Expect two new models and expansion into untapped U.S. and Chinese carriers

Data: Apple Inc. via J.P. Morgan

J.P. Morgan's Mark Moskowitz, one of the last holdouts on Wall Street, has come around to what has become conventional wisdom among Apple (AAPL) watchers: That the company is set to release not one but two iPhones, an iPhone 5 and what Moskowitz calls an iPhone 4-plus.

In a report to clients Monday he describes what his "research" has turned up. I quote:

More