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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition JPMorgan says tablets to grow into $35 billion market by 2012 Reuters - Tuesday, March 1 Send IM Story Print - JPMorgan Securities expects tablets to evolve into a $35 billion market by 2012, eating into the share of PCs, and competition to drive down premium prices. The brokerage, which nudged up its forecast for tablet unit shipment and revenue, sees steep adoption rate and increasing number of available devices driving tablet market growth. It sees tablet market growth spurred by improved operating system platforms and penetration of enterprise and education customer verticals. "We expect tablets to have an increasingly negative impact on PC shipments," analyst Mark Moskowitz said. "More than 35 percent of tablets sold in 2012 will be cannibalistic, particularly as relates to netbooks and notebooks," he said. JP Morgan raised its 2011 tablet revenue estimates to $26.1 billion from $24.9 billion and 2012 estimates to $35.2 billion from $34.1 billion. It expects 2011 unit shipments of 47.9 million, up from its prior view of 46.1 million. For 2012 it sees unit shipments of 79.6 million, up from its prior view of 78.2 million. The brokerage expects the tablet market to get more crowded in the third and fourth quarters of 2011 and sees premium pricing enjoyed by Apple Inc's iPad to then diminish. Separately, the brokerage cut its rating on Seagate Technology to "underweight" from "neutral" citing potential market share loss in enterprise drives in 2011 and 2012. Recommend Send IM Story Print Related Articles Google repairing disrupted Gmail accounts AFP - 2 hours 32 minutes ago US-TECH Summary Reuters - 27 minutes ago High tech gadgets used to trigger medieval weapon Reuters - 27 minutes ago Hearst unveils bill pay, subscription service AFP - 1 hour 11 minutes ago Turkey touts tech credentials at CeBIT fair AFP - Tuesday, March 1 News Search Top Stories US consumers curbed spending in January Dior's Galliano hit by fresh anti-Semitism charges EU seeks to bridge divisions over competitivity pact Iran opposition leaders arrested: websites Libya live report More Top Stories » ADVERTISEMENT Most Popular Most Viewed 'Runaway millionaire' arrested in NZ: police 'I wanted to die', says quake penknife amputee Oscars Live Report Libya live report Michelle Obama gets a Republican boost on obesity More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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