Most analyst predictions have thought that the iPad will sell millions and millions of units in its release.  But Cult of Mac found out via The Wall Street Journal that Needham analysts are telling investors that it thinks the iPad will only sell two million units in the year after launch, scaled back from its previous four million prediction.

However, the firm is still believing "sales of the iPad will be substantial even in its first iteration," and the firm is still remaining "cautiously optimistic."

The reason for the flip flop Needham said came after "watching a replay of Apple's iPad introduction reassessing the device's potential."  Some of the reservations are coming after some have voiced concern about the non-present multitasking in addition to missing support for Adobe's Flash animations.

In contrast, Deutsche Bank doesn't think the lack of the above features will pose a problem.  "For most non-technical consumers, these features are not critical."  That firm thought iPad could possibly help Apple snag seven percent of notebook sales in 2011.  

Some are also taking the stance that iPad's sales will come from people switching over from the iPod touch, such as Citigroup's Richard Gardner.  "The flip side is that the low price point together with overlapping features does increase the risk of cannibalization of iPod touch sales."

For our iPod touch users out there, is the lower price point on the iPad enough to make you consider switching?  Feel free to leave comments below!

Image courtesy of AppleGazette.com