iPad Predicted to Drive 50% of Apple's Financial Growth in 2011

Friday Dec 3rd 2010 by Datamation.com Staff

One Wall Street analyst believes the company will sell 32 million iPads in fiscal year 2011.

Apple Insider: Analyst Robert Cihra with Wall Street firm Caris & Company sent a note to investors on Friday predicting that Apple would sell 6.7 million iPads in the December quarter and 32 million of the devices in fiscal year 2011. "A product that didn't even exist a year ago... now leads an entire charge to thin-client access/computing architecture," Cihra wrote.

Cihra believes that 40 percent of Apple's growth next year will come from iPhone sales, 50 percent from the iPad and 5 percent from the Mac platform.

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