Apple could sell 40 million iPad minis within a year, analyst

The rumoured 7in iPad could make $10 billion in revenue within 12 month of its launch

If Apple launches the purported iPad mini, it could sell 40 million of the 7in tablet within the first year, an analyst believes.

RBC Capital analyst Amit Daryanani sent a research note on Thursday, claiming that Apple's iPad mini would generate $10 billion in revenue by selling 40 million of the device, adding an extra $1.15 in share profits, reports Forbes.

The iPad mini could launch at a special event on 12 September, alongside the iPhone 5, according to new speculation. Although Apple has not officially confirmed a launch date, or even the existence of such device, it did reveal that there would be a "fall transition" when speaking at the quarterly earnings call in July.

Daryanani said in his note that supply-chain commentary indicates a "material ramp-up" as Apple prepares for the autumn launch.

Find out everything you need to know about the iPad mini here.

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