To spot not-so-obvious opportunities in Gartner's recent tablet forecast, investors might want to look beyond comparisons between Apple's
Gartner thinks Apple's tablet market share will decline from 83% to 47% by 2015. The biggest gainer is expected to be Android, moving from a 15% market share to 38% in 2015. Research In Motion
The number of tablets sold is forecasted to jump from less than 18 million in 2010 to 294 million in 2015. But don't weep for Apple; Gartner expects the number of tablets it sells to increase by more than nine times through 2015.
Spending on tablets will increase at an annual average pace of 52% through 2015, according to Gartner. Companies don't have to be the market-share leader to take advantage of that kind of growth. That makes Gartner's forecast good news indeed for Android tablet makers -- Motorola Mobility, for example -- and Research In Motion.
But let's look past the obvious. It's also good news for component suppliers that were left out of the iPad. And that could point to an opportunity for long-term investors to get good deals on component stocks.
Two examples are NVIDIA
All three stocks are trading at a discount to mobile-processor winner ARM Holdings
Forward P/E Ratio
It's tough to make accurate predictions about a nascent market. However, the important takeaways from Gartner's forecast are not exact figures. The market is forecasted to grow explosively through mid-decade. Apple, Android, and Research In Motion are expected to be the market-share leaders. Long-term investors could do well with discounted semiconductor plays on these themes.
To stay updated on all things tablets, add any of the above companies to your watchlist:
Fool contributor Cindy Johnson currently owns no shares of any stock in this story. Google is a recommendation of Motley Fool Inside Value and Motley Fool Rule Breakers. Apple and NVIDIA are Motley Fool Stock Advisor selections. Motley Fool Options has recommended a bull call spread position on Apple and has recommended writing puts on NVIDIA. The Fool owns shares of Apple, Google, and Marvell Technology Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.