The iPad could pass the Mac by 2012

By Philip Elmer-DeWitt

Within two years, it should be Apple’s second largest source of revenue, after the iPhone



Click to enlarge. Source: Deagol's AAPL model

The log chart above, produced by Daniel (“Deagol”) Tello, shows the revenue stream from the iPad overtaking the Mac’s — much as the iPhone did three years earlier and the iPod did a few years before that.

In Tello’s model — available here — the iPhone remains Apple’s (AAPL) No. 1 source of revenue for the foreseeable future.

[Follow Philip Elmer-DeWitt on Twitter @philiped]