If Apple launches the purported iPad mini, it could sell 40 million of the 7in tablet within the first year, an analyst believes.

RBC Capital analyst Amit Daryanani sent a research note on Thursday, claiming that Apple’s iPad mini would generate $10 billion in revenue by selling 40 million of the device, adding an extra $1.15 in share profits, reports Forbes.

The iPad mini could launch at a special event on 12 September, alongside the iPhone 5, according to new speculation. Although Apple has not officially confirmed a launch date, or even the existence of such device, it did reveal that there would be a “fall transition” when speaking at the quarterly earnings call in July.

Daryanani said in his note that supply-chain commentary indicates a “material ramp-up” as Apple prepares for the autumn launch.

Find out everything you need to know about the iPad mini here.

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