(Nasdaq:AAPL) released its most recent version of its wildly popular
tablet computer, the iPad, yesterday. The stock was up nearly $7+ today,
and now sports a $330 billion market cap.
Some might be inclined to ask how much longer this ride can last.
But before you start looking for a downside move for Apple, consider that
consultant firm Gartner estimates that 54 million tablets, like the iPad
2, will be sold in 2011. That’s up from 15 million in 2010.
In fact, Gartner says sales of tablets will be so strong that it will
“dramatically” reduce sales of laptop computers for 2011 and 2012.
Ian Wyatt, president of Wyatt Investment Research, says now is the time
to start looking for the companies that benefit from tablet sales.
“Apple’s iPad is driving a whole new cycle of semiconductors, data
networks and subscription pricing,” said Wyatt. “Valuations for
semiconductor stocks look very attractive right, in light of the
potential for tablet sales. And for the record, no, I wouldn’t advise
shorting Apple here.”
Wyatt’s latest Special Report on technology features one semiconductor
stock that could rise 51% on tablet sales.
You can access that report HERE.