Tim Cook: “There Will Come A Day When The Tablet Market Is Larger Than The PC Market”
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One of the big questions hanging over Apple this quarter was whether or not iPad sales would continue its rapid growth. Last quarter Amazon introduced the Kindle Fire at $200 (well below the iPAd’s entry-level $500 price) and there was concern that even Apple diehard fans might delay their purchase of a tablet until the iPad 3 comes out—rumored for later this year. But iPad sales came in well above expectations at 15.4 million units. It is now a $9.1 billion business. There have been a total of 55 million iPads sold since launch in 2010. »read more
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