For iPad, half a billion units five years from now

Life is definitely good in the land of iPad. In 2016, sales of Apple’s tablet should top more than a hundred million units annually and half a billion units¬†cumulatively. It’s projected to grab the biggest chunk of an estimated 60 million slates in this year, another indication that 2011 and 2012 will be the years of iPad. This notion is shared by analyst Jennifer Colegrove who says tablet PCs are¬†“the fastest growing application for touch screens.”

A simple armchair analysis suggests cumulative iPad shipments nearing a whooping half a billion units by the end of 2016. Yes, five years is too long a time for crystal ball peering, but even the most outspoken naysayers coming out of the woodwork should acknowledge the iPad’s enormous potential for Apple’s fortunes.

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