Analyst: iPad is Losing Ground Fast

Analyst: iPad is Losing Ground Fast

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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

Analyst: iPad is Losing Ground Fast
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.
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