FBR Capital Sees Tablets Cannibalizing 28M PCs in 2011 (AAPL, DELL, INTC, RIMM)

November 22, 2010 11:26 AM EST
Tablets computers are all the rage heading into the holiday shopping season, led by the success of Apple Inc.'s (NASDAQ: AAPL) iPad, and FBR Capital's Craig Berger is adding himself to the growing list of of those who see this as a warning for the PC market.

There has been a recent rash of low forecasts for major players in the PC sector, including Dell Inc. (NASDAQ: DELL) , Intel Corp. (NASDAQ: INTC) and Autodesk Inc. (NASDAQ: ADSK).

“The math on tablets is not good for PCs,” Berger wrote. “We think every two tablets sold is in place of a PC."

Berger sees Apple producing 40 million iPads is 2011, while rivals Samsung and Research in Motion Ltd. (NASDAQ: RIMM) could bring another 30 million to market. Berger says this will cannibalize 28 million PCs.

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