This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's iPad Mini Could Make Holiday Season Gains

NEW YORK ( TheStreet) -- Rumors continue to swirl about Apple (AAPL - Get Report) selling an iPad Mini. Some on Wall Street are even starting to put sales figures on the yet-to-be-announced product.

Piper Jaffray analyst Gene Munster believes that Apple could sell anywhere between 4 million and 6 million units of its rumored iPad Mini in the holiday quarter. That would be approximately 20% of the total iPad sales in the quarter, Munster noted.

The analyst believes the benefits of a smaller iPad could take away two of the biggest selling points of Google's (GOOG - Get Report) Android-based tablets: size and price. "A 7"-8" device at $299 effectively eliminates those advantages for Android and forces Android devices to compete more on software, where we believe iOS still holds a meaningful advantage," Munster wrote in his report. "We remain confident that Apple will maintain and potentially increase its tablet market share over the next four years."

Reports of an iPad Mini picked up steam last week when both The Wall Street Journal and Bloomberg published articles about such a device. Topeka Capital Markets analyst Brian White added credence to the articles, by mentioning it heavily in a research note.

There's always the issue of self cannibalization, though. Apple has experienced this before, with iPad sales cutting into Mac sales, but never with the same form-factor. Munster said iPad Mini sales could cannibalize iPad sales by 10%, but that the devices would take 30% of total Android tablet sales in the quarter. White estimates the iPad Mini could cannibalize iPad sales by 10% to 20%.

Shares of Apple moved higher in Monday trading, up 0.97% to $611.78.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.97 -0.69%
GOOG $699.32 0.52%
FB $117.94 -0.10%
TSLA $211.68 -4.90%
YHOO $36.92 2.60%


Chart of I:DJI
DOW 17,644.35 -6.91 -0.04%
S&P 500 2,046.63 -4.49 -0.22%
NASDAQ 4,711.8380 -13.8010 -0.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs