Tablets replacing several consumer technologies

According to a new research report from Prosper Mobile Insights, the success of tablets may stem from their ability to make several classic gadgets and devices obsolete.

The Prosper survey examined the preferences of nearly 150 smartphone and tablet users, and generated several intriguing findings.

More than half of all respondents believe their alarm clocks and GPS devices can be replaced by a smartphone or tablet. More than one-third say that mobile devices can replace video cameras, MP3 players, and digital cameras. Results also validate the use of tablets for reading the newspaper, playing video games, and watching movies -- but not quite to the point of replacement.

The survey's most surprising revelation, however, suggests 57.7 percent of respondents would be comfortable using their tablet or smartphone to make a purchase. The wallet may become the next victim of the tablet's takeover if mobile payments continue to gain favor.

Innovative tablet manufacturers have reason to be excited, but they should still be careful not to neglect the fundamentals. In the report, 78 percent of respondents prefer having the best service over the newest technology.