The iPad will give up market share while overall tablet shipments continue to surge, according to Citi Research.
The iPad will lose market share to rivals, even as Apple launches the iPad 5 and an update to the iPad Mini in the second half of the year, according to comments today from Citi Research.
In a note to investors on Wednesday titled "iPhone Impresses but Questions Persist," Citi analyst Glen Yeung said the iPad is "losing ground fast."
Reported iPad shipments were down year-to-year "in stark contrast to overall industry tablet growth," which is up sharply, Yeung said.
Apple reported 14.6 million iPads were sold during the company's third quarter, down from last year, when Apple sold 17 million iPads.
The iPad will lose market share to rivals, even as Apple launches the iPad 5 and an update to the iPad Mini in the second half of the year, according to comments today from Citi Research.
In a note to investors on Wednesday titled "iPhone Impresses but Questions Persist," Citi analyst Glen Yeung said the iPad is "losing ground fast."
Reported iPad shipments were down year-to-year "in stark contrast to overall industry tablet growth," which is up sharply, Yeung said.
Apple reported 14.6 million iPads were sold during the company's third quarter, down from last year, when Apple sold 17 million iPads.
http://news.cnet.com
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