Apple iPad May Not Sell As Well As Analysts Had Planned

Posted Nov 13, 2010

Analysts were previously estimated that Apple Inc. (NASDAQ:AAPL) would sell 6 million iPads this quarter. However Rodman & Renshaw analyst Ashok Kumar is predicting that Apple may sell as few as 5 million touch-screen tablets.

It appears that customers are cutting back their spending for new smartphones and laptops rather than tablets. Supposedly Samsung is also cutting back production of the Galaxy by 50% because of poor sales as well.

[Bloomberg]