Global tablet sales may triple by end of 2014

/ Source: The Associated Press

A research group says the global market for tablet computers such as the iPad will almost triple by the end of 2014.

Yankee Group said Wednesday it expects tablet sales to rise to $46 billion in 2014 from $16 billion in 2010. The researchers say tablet sales are rising faster than high-definition TV sets, handheld gaming consoles or even MP3 players.

Apple Inc.'s iPad, the main player in today's tablet market, costs $499 to $829 depending on the configuration. According to the forecast, the average tablet price tag will be $237 in 2015.

Yankee Group issued the forecast the day before the official start of the International Consumer Electronics Show in Las Vegas. Tablets are an especially hot item at this year's trade show.