How Apple’s iPad is Dominating Tech Like You’ve Never Seen
CNN Money reports that Apple (NASDAQ:AAPL) products are not only responsible for an increasingly prevalent slice of the mobile internet market, with devices accounting for over 60% of all mobile internet browsing in June, but also that iPads account for 97% of the mobile internet browsing on tablets globally. No wonder Research in Motion (NASDAQ:RIMM) had to downgrade projections for its playbook tablet sales, Apple is owning this market like we haven’t seen since the early days of the iPod.
Although tablet devices still don’t account for a very significant portion of mobile web browsing, coming in at just over 1% globally and 2% in the USA, Apple (NASDAQ:AAPL) iPad’s market share has doubled in the past six months alone, and currently accounts for over 1% of the global web browsing. Competitors Samsung (NYSE:SEO), Research in Motion, Motorola (NYSE:MMI), (NYSE:MSI), and recent entry Hewlett-Packard (NYSE:HPQ) cumulatively account for a sliver of the global market compared to iPad users. Apple is now projecting sales of 40 million iPads in its fiscal year 2011, a 342.8% growth rate over last year when the products debuted. The second most successful tablet-maker thus far is Samsung, with the Galaxy expected to sell nearly 3 million units this year.