Analyst: iPad is Losing Ground Fast

Posted July 25, 2013 at 7:21pm by iClarified | Please help us and submit a translation by clicking here | 11544 views

Citi Research Analyst Glen Yeung claims the iPad is "losing ground fast" as it is failing to keep up with the overall tablet growth the industry is seeing.

In his note to investors titled "iPhone Impresses but Questions Persist,"Yeung cites reported iPad shipments were down year to year while the overall industry tablet growth which is up sharply.

Apple reported 14.6 million iPads were sold during the company's third quarter, down from last year, when Apple sold 17 million iPads.

Year-to-year growth for iPad units will decline 7% for the upcoming quarter, notes Yeung. Even if Apple were to grow shipments by 75%, (6% year-to-year growth), they are still well below the industry growth of 58.7%

In the report, it was reiterated that Apple will be launching an iPad 5 and a new iPad mini in the coming months, which contradicts previous reports that there would be no iPad mini in 2013.

via Cnet

Add Comment
Gfgf - July 27, 2013 at 1:20am
Woo hoo! Very happy for that!!!
philme - July 26, 2013 at 4:09am
the ipad need to improve usb ports and tak up 512GB
! - July 26, 2013 at 4:53am
The iPad doesn't even have USB Ports AND holding even 128GB of data is really hard, 4x that much I will make your iPad the size of a laptop.
Someone understands - July 26, 2013 at 6:15am
microsoft has that but apple steals battery life from it, another reason ipad beats rt.
Thoughtful - July 26, 2013 at 3:03am
Analysts are made to talk some bullshit, i guess he is good at his work, bullshitting.
xol - July 26, 2013 at 3:54am
ohh the denial.. pretty sad.... when they say good stuff about the iShit, they are right on the money, when they say anything bad, what do they know eh?
Ken - July 26, 2013 at 9:17am
My bad, you must be a analyst then.
! - July 25, 2013 at 11:16pm
Uhhhhh yeah that's what happens when apple doesn't put out another product for a while. In a little bit, apple will be at the top of the market again.
jj - July 25, 2013 at 9:20pm
Selling Point is a Valid Jail-Break for Apps Purchased.. I have been WAITING for a JB some Time and been using my Android more.. Anyone Think this has something to do with the Drop in Sales also?..
27 More Comments
Follow iClarified
Super Mario 64 HD Running on an iPhone 6 [Video]
Check out this video of Super Mario 64 HD run...
Apple Has Yet to Approach NBCUniversal About a Web TV Service
As part of its efforts to get approval for th...
Meerkat Live Stream Video App Gets In-App Notifications, Better Stream Discovery, More
Tim Cook Deeply Disappointed in Indiana's New Law, Says 'Apple is Open for Everyone'
Vine Now Supports HD Video
Twitter has updated Vine to support 720p HD v...