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Apple expected to sell 28 million iPads in 2011

The momentum that the iPad had generated since its launch in April showed no signs of slowing.

Apple is expected to sell 28 million iPads globally in 2011, financial services firm UBS predicted on Sunday.

The momentum that the iPad had generated since its launch in April showed no signs of slowing, analyst J Um Maynard stated in a note to investors.

His forecast that the device can sell at twice the pace it sold during its launch could still be "conservative," he added.

However, sales of Apple's tablet device did not seem to have hit Apple Mac revenues, Maynard said. Those who buy iPads were likely to delay buying or upgrading their existing PCs, he noted.

Maynard also predicted that the sales of iPhone 4 will hit 52 million next year, up from his previous estimation of 47.2 million.

"Apple should have some of the most highly sought-after products in the holiday quarter," the analyst added.