Darcy Travlos at Forbes on why the iPad will dominate the tablet market like the iPod dominated the MP3 market:
In March 2012, Apple introduced the iPad and it became the fastest adopted consumer electronics product in history. Its revenues totaled $12.4B in over its first year on the market, and grew 131% to $28.6B. It took the iPhone 3.5 years to achieve what the iPad did in two. The iPhone accounted for 18% of revenues in the eighth quarter after introduction and the iPad is right there at 17% of revenues in the eighth quarter after introduction. Today, the iPhone accounts for over half of Apple’s revenue, and the metrics are lining up for the iPad to have an even greater impact on Apple than did the iPhone. The iPhone has “only” 24% market share. The iPod and the iPad each has over 65% market share. The iPad demand characteristics are far more similar to the iPod and suggest that the iPad, like the iPod, will be able to sustain over two-thirds of its market.
The similarities between the iPod and iPad’s ascendance is uncanny. That’s the reason PC manufacturers are scared to death of the “iPodification” of the tablet market.
