Apple 2.0

Covering the business that Steve Jobs built

The iPad could pass the Mac by 2012

September 13, 2010: 11:53 AM ET

Within two years, it should be Apple's second largest source of revenue, after the iPhone

Click to enlarge. Source: Deagol's AAPL model

The log chart above, produced by Daniel ("Deagol") Tello, shows the revenue stream from the iPad overtaking the Mac's -- much as the iPhone did three years earlier and the iPod did a few years before that.

In Tello's model -- available here -- the iPhone remains Apple's (AAPL) No. 1 source of revenue for the foreseeable future.

[Follow Philip Elmer-DeWitt on Twitter @philiped]

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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