Over the next two years, Apple is expected to launch three key products in the form of the iWatch, iTV and a low-cost iPhone. However, according to analyst Peter Misek, the release dates could change slightly from original plans.

Misek claims that due to supply problems facing the low-cost iPhone, the launch of the device could be pushed back to July or September. Furthermore, he states, the price tag of the low-cost iPhone will be between $350 and $450, which is not a bad price, but still not good enough to compete at the low-end.

Hoping to get your sweaty palms on an iTV device this year? That might not happen. Misek believes Apple's iTV will be pushed back into 2014 because neither LG nor Sharp is achieving enough yield on the displays. Having this device pushed to 2014 could hamper Apple's profit margins, unless the company is able to sell enough iPhone handsets in 2013.

Misek expects the iWatch to hit the market this year, despite giving it a 50 percent chance of not making it to market until 2014. He claims the device comes with a 1-inch screen, and should cost around $200. The Apple iWatch, while it may be interesting, might turn out to be just a niche product with little following. However, if there is one company to make wearable computing a hit, it's Apple.

It is in Apple's best interest for the company to make every effort to impress and launch all key products this year. Delaying to 2014 would give competitors more time to go on the counter offensive, which could pose a threat.

With Samsung gearing up to create fireworks Thursday with the launch of the Galaxy S4, Apple for the first time is in a position where the iPhone is 100 percent threatened.