Tablet market to hit $35 billion by 2012, JP Morgan says

By on Feb 28, 2011 at 7:01 PM
Tablets February 28, 2011

If you’re tired of hearing about tablets, we have some bad news for you… they’re not going away any time soon. While repeated failed attempts will undoubtedly trim the number of entrants in the tablet market over the coming months and years, the market itself is poised to explode. JP Morgan said in a note on Monday that it estimates the global tablet market to reach $35 billion next year. More specifically, the firm revised its 2011 tablet revenue forecast from $24.9 billion up to $26.1 billion on sales of 47.9 million units, and its 2012 estimate has been raised to $35.2 billion on sales of 79.6 million units from $34.1 billion. JP Morgan also noted that the tablet market will likely have a negative impact on sales of laptop computers. “We expect tablets to have an increasingly negative impact on PC shipments,” JP Morgan analyst Mark Moskowitz wrote. “More than 35 percent of tablets sold in 2012 will be cannibalistic, particularly as relates to netbooks and notebooks.”

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  • http://twitter.com/Davva360 David Moore

    Not tired of hearing about tablets. Looking forward to hearing about ipad 2 this week to see how Apple reacts to some competition entering the space.

  • tabman25

    I do agree. It is the year of tablets.

  • Anonymous

    I’m tired of pictures of the iPad. How about a picture of the DROID Xoom or Samsung Galaxy DROID Tab?

    • http://twitter.com/SParKlngCyaNide SparklingCyanide

      neither has or “should have” the ugly moniker DROID in it, yuck!

      • Gshock75

        yay more isheep,……………..fail

      • http://twitter.com/SParKlngCyaNide SparklingCyanide

        no I love Android and own several Android phones, I just do NOT like the verizon Branded “DROID” tagline, its ugly and nasty. BLeh! I”m sorry I have an “Android” phone not a stupid DROID.

  • http://www.youtube.com/watch?v=AR6HpRLyzMY Walter Sobchak

    I wonder if the estimate of 35% being cannibalistic is just when a person is choosing between a netbook and a tablet, or does that account for the drastically lengthened lifespan of notebook’s/netbook’s hardware and OS from people using the tablets for 90% of their casual activities.

    • Anonymous

      Walter,

      Do you have a tablet yet? Just curious….I have yet to find a need for one when I have a desktop, laptop and 2+ phones ~4inch phones.

      • http://www.youtube.com/watch?v=AR6HpRLyzMY Walter Sobchak

        No I don’t. I am having a hard time justifying the purchase. I find myself using my phone and voice search for the quick answers. I do love playing with my friends iPads though. I am intrigued by the form factor and the instant-on nature of tablets. I got to play with a XOOM for the first time on Friday, and as a phandroid I know I am supposed to list a billion reasons why it trumps iOS, but the only one that really matters to me is that the apps scale perfectly. Instead of downloading an iPhone app and hitting the 2x button to get a a window that is terribly pixelated doesn’t even fill the screen, the apps actually look/function nicely. I know they aren’t designed to fully utilize the tablet’s potential, but at least he can get all of the major apps until the devs come out with the tablet version.I am in the same boat as yourself, with a desktop, laptop, netbook and 2 smartphones(iphone 3gs and Droid Incredible). I might pull the trigger on a B&N nook color(great hack community), viewsonic GTab, or used 1st gen iPad when iPad 2 comes out(I would love to see a dual boot on it though, and am excited for the prospect of an Ubuntu tablet OS)

      • Anonymous

        I also tried the Xoom out this weekend. While it had the cool factor like the iPad had when it came out I just can’t justify the need or cost.

        However, Ive been thinking about the Nook Color as well. And that is the first I’ve heard of an Ubuntu tablet OS…definitely intrigued there…I’ll do some research into that. Thanks bro.

  • Anonymous

    Awesome articles about tablets ….i agree this articles in this tablet ..

  • Chut Pata

    Time for netbooks to go. They were the greatest disappointment. We expected a $200 laptop that was good enough for surfing, and netbooks turned out to be under performing laptops, some times more expensive than them.

    So again, when are we going to see $200 computers that the industry promised us 20 years ago?

  • Greektavros

    I can’t believe people are spending money on tablets. They are a glorified netbook only thinner.. LOL! And these people are spending $500 or more for one! I’ll buy industry when they fall to what they are worth $100.

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