Sunday, April 03, 2011

iPad2 (as at 3 Apr 2011)


The Street estimates
  • iPad sales account for roughy 7% of Apple's stock value, if pegged at $420 (about 17% ahead of market price)
  • If the iPad 2 can help Apple keep competitors' tablets at bay, our forecasts for iPad unit sales could prove conservative, implying upside to our $420 price estimate for Apple
  • Apple sold around 15 million iPads in 2010, and we estimate that it could sell another 24 million in 2011. We project that this total will continue its steady climb towards 54 million by the end of our forecast period. 
  • According to IDC, the tablet market is expected to grow from around 45 million units in 2011 to 71 million in 2012, and Apple's market share could reach 60% in 2011. This implies an expected 27 million iPads sold in 2011.
  • Although our 24 million unit estimate seems a little conservative by comparison, we believe that Google's(GOOG_) new Android operating system for tablets (Honeycomb) could pose a meaningful challenge.
PersianCat (Meowwww!!!!)

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