Tablets to grow into a $35 billion market, according to J.P. Morgan Securities

Analysts from J.P. Morgan Securities have increased their estimates on tablet sales for 2011 and 2012. According to a recent research, a $35.1 billion-worth of tablets will be sold next year alone, some of which will eat up a piece of the PC market. Analysts say more people are starting to adopt tablets as an alternative portable device for their casual computing needs, which makes the devices a worthy replacement of netbooks and notebooks.

Competition seems to be on its way of driving prices down to a more affordable level, while improvements in software and hardware are gradually building up the capabilities of the devices. 47.9 million units are expected to ship in 2011, 1.8 million more than previous estimates, with another 79.6 million tablets being sold in 2012. The bandwagon may start getting pretty full in the third and fourth quarters of 2011 when Apple's price dominance would be greatly challenged by fierce competition and numerous alternatives by other manufacturers.

source: Reuters