Tablets have huge growth potential

Posted on Sunday, March 06 2011 @ 15:20 CET by Thomas De Maesschalck

RBC Capital Makers notes tablets have a major growth potential. In recent months there's been a lot of news about these gadgets, but despite the hype the ownership rate is still very low. The report mentions just 0.3 percent of Earth's inhabitants owned a tablet at the end of 2010, and predicts the number of tablet users worldwide could surge to 400 million by 2014.

In this chart, Abramsky plots the tiny smartphone and tablet user base (394 million worldwide) versus other market, such as TV subscriptions (600 million), total PCs (1.3 billion), and mobile subscribers (5.1 billion).

Abramsky predicts more than 400 million tablet users worldwide by 2014, including 185 million tablets sold in 2014. But he thinks Google Android, not Apple, will come to lead the market, representing 40% of the 2014 tablet market, versus 34% for Apple, 13% for Microsoft, 8% for BlackBerry, and 5% for HP WebOS.

Source: BusinessInsider

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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