Analysts believe iPad sales will double in December

Jeffries analyst Peter Misek said in his analysis that although Apple will face stiffer competition from competitors next year, Apple's iPad tablet sales will be reversed next year.

Peter Misek predicts that Apple will sell 704 million iPad tablets during the fiscal year that began on September 25. The sales figure for the fiscal year 2011 was 324 million.

Peter Misek and analysts from Gartner, Forrester, and iSuppli agree that the tablet PC market will grow explosively in 2012. Apple has spent 81.05 billion US dollars in cash to ensure that it can obtain sufficient component supply in the new financial year. , and to ensure that new product development, such as iPad3, may be released early next year.

At the same time, rivals including Samsung Electronics, Sony, Lenovo Group and Amazon have all or will soon launch new flat-panel products and grab Apple’s market share in the new fiscal year.

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