An analyst from RBC Capital has predicted that Apple will sell close to 40 million iPad minis in the next 12 months. According to the Amit Daryanani, the iPad mini sales will boost the prospects of Apple, generating $10 billion in revenue and an extra $1.15 a share in profits.

Currently, Apple iPad mini has several competitors from different tablet manufacturers. Amazon Kindle Fire has already cemented its place in the 7-inch tablet version while Google Nexus 7, the recently launched Asus tablet, is slowly catching up with good sales.
Amazon Kindle Fire was rolled out on November 15, 2011. In the very next month, December, customers purchased over 1 million Kindle devices per week. International Data Corporation (IDC) estimated that the Kindle Fire sold about 4.7 million units during the fourth quarter of 2011.
According to Cowen analyst Kevin Kopelman, the predicted 14 million Kindle Fire sales for 2012 has been now set at 12 million units.
Meanwhile, DigiTimes has reported that Nvidia has ordered no less than 3 million Tegra 3 chips, which will be used by Google Nexus 7 tablet. With holiday season getting in close, the sales figure may cross 4 million for Google Nexus tablet.
Speaking of iPad mini, it is expected that the device will be unveiled during an event on September 12. However, Daryanani states that a supply chain commentary points towards “material ramp-up” in Apple’s ecosystem ahead of the iPhone 5 launch. This means the upcoming event may introduce iPad mini rather than iPhone 5.
The iPad mini will feature a 7.85-inch display which is slightly bigger than the 7-inch screen found on the Kindle Fire. Other features could feature a 1,024 x 768 resolution found in iPad and iPad 2. Few other speculations point the device to sport retina display along with IGZO display panels, 8GB of internal storage and 3G functionality.
source: webtechpoint.com