A Wall Street analyst is projecting Apple's iPad sales to reach 28 million in 2011, with low-end notebook computer sales suffering as a result, according to an AppleInsider report. Just in its first three months of its April launch, Apple (AAPL) iPad sales reached 3.27 million units sold. And research firm iSuppli believes iPad sales can hit around 12 million by the end of the year.

iSuppli's projections come out to roughly 1.3 million iPads selling each month, since the tablet's spring launch. That pace is expected to continue through next year, with a UBS analyst projecting the shiny new computers to hit 28 million by the end of 2011. Those sales could result in consumers delaying purchases or updates of their computers, according to the AppleInsider report.

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