JPMorgan Expects Tablet Sales To Soar

JPMorgan Securities Analyst Mark Moskowitz told Reuters that he expects the tablet market to hit $35 billion market by 2012, cutting into PC sales.

Moskowitz told Reuters: “We expect tablets to have an increasingly negative impact on PC shipments. More than 35 percent of tablets sold in 2012 will be cannibalistic, particularly as relates to netbooks and notebooks.”

Reuters has more from the brokerage house’s outlook report: “JP Morgan raised its 2011 tablet revenue estimates to $26.1