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Showing Original Post only (View all)Why Apple's iPad is in big trouble [View all]
By Adam Levine-Weinberg
The Motley Fool (via USA TODAY), via the Detroit Free Press:
Less than two years ago, Apples (ticker: AAPL) iPad absolutely dominated the tablet space. As of mid-2012, Apple still claimed nearly 70% of the tablet market, while Android tablet manufacturers were struggling to make any headway.
Furthermore, the iPad Minis fall 2012 arrival was an open secret by then. As a result, tablet market analysts expected Apple to further solidify its dominance of the tablet market over time.
However, the opposite has occurred. Not only has Apples market share lead crumbled, but iPad sales growth has also come to a crashing halt. Tablet rivals such as Amazon.com (AMZN) and Samsung are gaining momentum by closing the quality gap with Apple and offering lower price points. Unless Apple can deliver vastly improved iPads later this year, the iPads growth days are over.
Where did all the iPad buyers go?
Its hard to imagine right now, but just two years ago, Apple was growing iPad revenue by more than 60% and iPad unit sales by 80% -- even without an entry in the growing 7- and 8-inch tablet market! Last year, despite the addition of the iPad Mini, unit sales growth slowed to 22%. ...................(more)
The complete piece is at: http://www.freep.com/article/20140419/BUSINESS07/304190041/