Stern Agee analyst Shaw Wu told All Things Digital that they are not only predicting 48 million iPad shipments for 2012, but that that number "could turn out conservative."
Apple sold roughly 38.06 million iPads last calendar year (25.06 million between Q1 and Q3, 13 million estimated for Q4). If it can sell 48 million iPads in 2012, it makes for a nice 26% increase.
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