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Is Apple Cannibalizing iPad?

|Includes:Apple Inc. (AAPL)

Apple Inc (NASDAQ:AAPL) released the latest quarterly results, which were in line with the analyst expectation. The unit sales for iPhones and Macs matched or saw higher numbers, and the revenue/EPS saw a slight beat.

Apple reported

  • Revenue: $37.43B (expected $38B)
  • EPS: $1.28 (expected $1.23)
  • iPhone sales: 35.2M (expected 35.3M)
  • iPad sales: 13.3M (expected 14-15M)
  • Mac sales: 4.4M (expected 3.9M)

While the iPhone and Mac sales have covered up the gap left from the iPad sales, it is hard to ignore that Apple has stopped bringing attention to iPad in their announcement. However Apple CFO Luca Maestri pointed out that the iPad channel inventory reduced by 500,000.

With the iPhone 6 rumored to be with a bigger screen size (5.5 inches), will we see iPad, the fastest ever growing device to date, go the way of the iPod?

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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: AAPL