Apple iPad Sales Down Almost 25% Year Over Year
Sales of the Apple iPad, which effectively created the current tablet market after it was released in 2010, are faltering. Oh, they are still selling over ten million devices each quarter, but the sales and profits are down noticeably from the previous year. Overall Apple earnings are well up from the previous year though, to the tune of 30%, so no tears in Cupertino
TheRegister[Apple CEO Tim] Cook admitted the iPad is still struggling to ward off a drop in sales from Apple's own products. "We are clearly seeing cannibalization from the iPhone and on the other side from the Mac," Cook told analysts in a conference call.
"We have never worried about that, it is what it is, and at some point it will straighten out."