In a message to investors this week, Maynard Um, a financial advisor with the USB Investment Research firm, has stated that he believes that Apple [AAPL] share prices will move upwards from its current value of $340 to a new value of $350. Part of the reason for this upward trend can be attributed to iPad sales which are expected to be reach 28 million units next year and this is a “conservative” estimate.

Along with this news, Um sees no indication that iPad sales will in any way affect any of the other product lines that Apple carries including the Mac. In fact, Um sees that iPad sales will negatively affect the low end “PC Industry” because the iPad is similarly priced and offers an attractive alternative to a personal computer.

The Apple iPad is the pinnacle of the tablet industry and saw 3 million units being sold in just the first 80 days after its initial launch. With a success like that, it is understandable to see why Um believes that 28 million units selling in 2011 is conservative.

Via: Apple Insider