Apple's latest release iPad Mini is selling like hot cakes .It has been reported that Apple has roughly sold 3 million iPads in first three days of its launch . For the company's fiscal year 2013, Topeka Capital Markets's Brain White expects sales of 30 million iPad minis growing to 48 million iPad minis in 2014.
The good sale rates of iPad mini and high expectations of further rise in sales is a bad news for other major players of tablet market like Google and Amazon. Apple is concentrating on launch of new mini products in the market, this will further outpace the competitor’s from tablet market.
IDC has reported that presently, Apple holds a roughly 50 percent of the tablet market share. And with 7.9 inch bright display, 4G LTE capability,smart and efficient A6X processor and price tag of $329 the fourth generation Ipad mini is expected to do record business in the fourth quarter.