Apple iPad Tablet: The Apple iPad Could be a Standalone Tech Monster

A Leading Company Cheaper Than 90% Of Blue Chips... And It Recently Bounced 12%Apple iPad Tablet: Everybody knows that the iPad tablet is one of Apple Inc. (NASDAQ:AAPL)’s most popular products of all time. No matter what the competition does, it continues to rack up huge sales numbers and profit. On top of this, the iPad mini is carving out its own niche in the tablet space.

Today, CNN Money published a story – America’s 11th largest tech company (It’s Apple’s iPad) – showing just how valuable the tablet has become.

The subtitle of the article says it all:

“Measured in revenue, Apple’s iPad would rank No. 11. On the Fortune 500? No. 98.”

In other words, if the iPad was a standalone business it would be an absolute tech monster. It would the 11th largest tech company in the United States.

The article goes on to explain this in further detail:

“According to a recent report from Bernstein Research analyst Toni Sacconaghi, the iPad line brought in $32 billion in sales last year — accounting for just over 60% of all tablet sales — and will grow 75% in 2013 to $46 billion. With numbers like those, Sacconaghi estimates that would make the iPad business, on its own, the 11th largest tech company.”

When you begin to compare the numbers of the Apple Inc. (NASDAQ:AAPL) iPad to revenue of Fortune 500 companies, it is even more amazing. It would find itself ahead of many of the biggest brands in the world, including Macy’s, McDonald’s, and Nike among others.

Broken down in simpler terms, here is something from the CNN Money article that will impress you:

“The iPad business handily makes more money than Gap (No. 185, $14.5 billion) and Toys “R” Us (No. 194, $13.9 billion) combined. Not too shabby for a device launched just shy of three years ago.”

While it is safe to say that Apple Inc. (NASDAQ:AAPL) has no plans to separate itself from the iPad lineup, it is interesting to break down the numbers and take a closer look at the tablets performance on an annual basis.

What does the future hold? Bernstein Research analyst Toni Sacconaghi is predicting plenty of growth over the next two years followed by a slow down in 2015. At that point, he feels that the market will be saturated due to the majority of people having already adopted the technology.

How do you feel about the future of Apple Inc. (NASDAQ:AAPL)’s iPad? Are you impressed with this statistical breakdown by Bernstein Research?

Check back here for more updates on Apple iPad Tablet.

DISCLOSURE: I have no positions in any stock mentioned.

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