Apple’s iPad business was the lone drag in its otherwise strong
earnings report today. iPad sales last quarter dropped 13% from
the previous year, to 12.3 million, their third straight quarter
of decline. The iPad, which once looked like it could become an
iPhone-sized pillar for Apple, represented just 13% of the
company’s sales last quarter.
It would be better for Apple if the iPad were more like the iPhone, with continuing year-after-year sales growth. Only a fool would argue otherwise. And until about two years ago, it seemed like that might be the case.
Ends up, no, the iPad isn’t the iPhone, and in a broader sense, the tablet market isn’t like the phone market. It’s more like the PC market. It would have been truly extraordinary if, with the iPad, Apple had managed to build another iPhone-sized business. But it’s still pretty extraordinary that, if you treat the iPad as a PC (and the average selling price supports that), Apple has become the largest PC maker in the world in terms of unit sales.
★ Monday, 20 October 2014