PC's Take Hit From Tablet Growth

As many companies are expected to release tablet computers in the coming months, personal computers are expected to take a sales hit. Apple's iPad, the most prominent tablet currently on the market, is looking to lead the attack. Barron's reports, "On Monday, Citigroup's team of analysts covering computers, software and semiconductors put out a report saying there will be 35 million tablet computers sold in 2011, with Apple's iPad accounting for three quarters of the total, compared with almost 400 million PCs sold." Citi also reported that, "While the tablet sales look small by comparison, those 35 million sales will eliminate about 11 million PC sales that normally would be expected next year, enough to reduce the PC's sales-growth rate to 9% next year from an original 12% estimate." Apple AAPL is trading at $313.51.