We’re all familiar with the iPad’s commercial success. It’s not even the Christmas season yet, and the device has already done surprisingly well. Better, in fact, than many had anticipated.

Following this, analyst Daniel (“Deagol”) Tello decided to predict the iPad’s success as a consumer electronics device over the course of several years. His results can be viewed in the image above.

As you can see, Tello predicts that the iPad will outsell Macs by 2012. The iPhone overtook the Mac towards the end of 2009. As you can see from the graph, it generally takes two to three years for one of Apple’s portable devices to overtake their Mac computers. Tello has reflected this in his projection, marking 2012 as being the year for the iPad.

By then, the world will have already met the third generation iPad. We’ve already heard rumors regarding the second-gen version of Apple’s “magical and revolutionary” device (FaceTime, anyone?) which is expected to hit stores in Q1 of 2011.

I think Tello’s projections are fair, and I can see them becoming a reality. What about you? As always, let us know in the comments below! And, thanks to Fortune for spotting this.