Site icon MacDailyNews

JPMorgan hikes iPad share of tablet market to 70.9% in 2011

“Investment bank J.P. Morgan raised its estimates for tablet shipments in 2011 to 51.9 million units, citing the strength of Apple’s iPad, while slightly lowering 2012 estimates because a ‘formidable number two tablet maker’ has yet to arrive,” Josh Ong reports for AppleInsider.

“The firm raised its 2011 tablet projection from 46.1 million to 51.9 million units, while also reducing 2012 numbers from 76.3 million to 72.4 million. Moskowitz now estimates Apple’s unit market share will stand at 70.9 percent at the end of this year [up from 60.8%] and 62.8 percent in 2012,” Ong reports. “He predicts worldwide tablet revenues will reach $28.9 billion dollars this year.”

Ong reports, “Moskowitz did note that a rumored Amazon tablet could be ‘interesting,’ possibly providing a lift to the non-Apple tablet market. He went on to say that the OS would likely be a weak spot for the device, though ‘brand name, content and distribution capabilities of Amazon’ could threaten Apple’s lock on the market.”

Read more in the full article here.
 

Exit mobile version