New Analyst Mockup and Sales Estimates for Apple's Tablet

Apple’s next gadget? Image: Piper Jaffray

Fortune summarizes a new research report from Piper Jaffray analyst Gene Munster, who estimates that Apple could sell two million of its rumored tablet computer in 2010 at $600 each, adding a small but not inconsequential 3% to Apple’s revenue stream for the year. Munster also provides a mockup (above) of what he believes the device will look like.

The device, as he sees it, will…:

• Be similar to an iPod touch, only larger, capable of running most of the 70,000 applications on the iPhone App Store plus a new category of apps designed for the bigger screen.
• Will be used primarily for Web surfing, e-mail, and digital media, competing with netbooks without being a netbook.
• Will be priced between an iPhone and a MacBook — between $500 and $700.
• Is likely to include a 3G cellular modem and could be subsidized by a carrier — either AT&T or Verizon.
• Will sell better than Apple TV did its first year (1.2 million units).
• Could in fact sell 2 million units at $600 each to generate $1.2 billion and add about 3% to Apple’s revenue stream in calendar 2010.