"It's only a matter of time before iPad shipments exceed iPhone shipments," argues Needham's...

|By:, SA News Editor

"It's only a matter of time before iPad shipments exceed iPhone shipments," argues Needham's Charlie Wolf. iPhone sales exceeded iPad (AAPL) sales by nearly a 3:1 margin (35.1M to 11.8M) in the March quarter, but Wolf sees that ratio narrowing to 1.35:1 in the June quarter (27M to 20M). An iPad Mini could speed up the crossover point. While PC sales flatline, tablet forecasts continue to shoot higher: Credit Suisse recently hiked its 2012 forecast to 110M units, and its 2013 forecast to 169.7M.