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Tablet shipments rose an eye-popping 117% Y/Y in Q1 to 40.6M, estimates Strategy Analytics after...

Tablet shipments rose an eye-popping 117% Y/Y in Q1 to 40.6M, estimates Strategy Analytics after digesting Apple's (AAPL) iPad data. For reference, IDC estimates PC shipments fell 13.9% Y/Y in Q1 to 76.9M, which indicates the PC/tablet sales ratio is now below 2:1. The iPad is estimated to have 48.2% of the market, and Android (GOOG) tablets 43.4%. Windows 8/RT (MSFT) is believed to have a 7.4% share, but that only amounts to 3M units. In March, IDC raised its 2013 tablet forecast to 190.9M units, while estimating Android would have 48.8% of the market and the iPad 46%.
Comments (14)
  • What is 117% of zero?
    25 Apr 2013, 06:02 PM Reply Like
  • ipads, kindles and nooks were available the year earlier quarter - all tablets. For the mathematically challenged, a year earlier 18.7 million tablets were sold, a 117% advance = 21.9 million. 18.7+21.9=40.6
    26 Apr 2013, 03:23 AM Reply Like
  • Do the math on the news that Apple is buying back $60 billion worth of stock. That works out to 13% of its outstanding shares. If they can borrow at 1.5% rate which is high for the Aaa rating they will get then for every dollar they borrow and pay 1.5% interst on they will be retiring a dollar worth of stock they pay a 3% dividend on. So they instantly make another 1.5% in cash flow. It's like printing money when you can borrow at a lower rate than what you pay out in dividends.
    25 Apr 2013, 07:41 PM Reply Like
  • "...the Aaa rating they will get..." They already got the ratings its AA+ so one level below AAA, which means their credit rating is below Exxon and Microsoft. Also, I am not sure where the 1.5% borrowing rate for Apple comes from? They did not even sell any bonds yet.
    26 Apr 2013, 11:14 AM Reply Like
  • Yahoo Finance shows a 1.25% interest rate for AA rated corporate 5 year bonds. Apple will get that and probably lower:

     

    http://yhoo.it/12upwOp
    26 Apr 2013, 01:50 PM Reply Like
  • Assuming they will issue 5 year bonds...
    27 Apr 2013, 09:01 AM Reply Like
  • http://reut.rs/ZnS9d4

     

    Great Reuters video discussing the Apple Bond issue and the prospects of deflation. Basic question, would you buy the bond when the yield suggest AAPL will trade in a very tight and narrow range? Also, do you think you are a smarter investor than the major funds who purchased those bonds?

     

    http://bloom.bg/131aAsv

     

    The yield is better than same maturity US Treasuries. This begs the question of whether this is a hunt for yield from some large investors. As long as the United States maintains AAA, then AAPL Bonds appear to be a better choice for yield, but only if we do not see much of any inflation over the time frame of each bond.

     

    http://reut.rs/ZnS74Y

     

    More from Reuters with simpler details on the yield and coupon payouts. There is also an SEC link in the Bloomberg article, so for anyone who wants a very detailed breakdown, that is where to find it.

     

    If the US is "turning Japanese" and we are set for years (decades?) of deflation, then this types of corporate bond issuance makes sense for some investors. I've been positioned towards dividends with an eye towards deflation, but only in the near term. My feeling is that central bank policies risk inflation within a few years.
    1 May 2013, 07:41 PM Reply Like
  • It's not as much all about the number of PC's or tablets but the ASP (average selling price) and GM (gross margin) of the devices. Apple's gross margin has dropped from low 40% to high 30% and that's due to the iPad mini stealing units from the iPad. ASP on PC's is muvh higher than tablets.
    25 Apr 2013, 07:56 PM Reply Like
  • " Windows 8/RT (MSFT) is believed to have a 7.4% share, but that only amounts to 3M units."

     

    Typical SA - anything to trash MSFT; no mention of limited distribution, up from 0% a year, etc.?

     

    Oh yeah, in the IDC article you linked, MSFT was estimated to have 4.7% share at year end 2013 - so their 50% ahead of target after 3 months...
    25 Apr 2013, 09:39 PM Reply Like
  • Note to the Author of this article:.....please explain why you haven't added the fact that Apple market share of ipad sales has fallen from 63% last year to 48.2% this quarter. In addition Android market share grew 9% and Microsoft took 7.5% of the market, although they didnt have a tablet in the forst quarter of 2012, etc, but surely a drop of 15% for Apple is a massive fall, so shouldn't you have reported that?......I guess we cant let the actual facts get in the way of a good story can we!
    25 Apr 2013, 09:58 PM Reply Like
  • Analyst: 23% of US phone buyers considering a Windows Phone
    http://onforb.es/10Cyxbl
    25 Apr 2013, 10:43 PM Reply Like
  • rocback has it right. At today's prices, Apple makes money on every buyback they make. They need to buy while the price is still at the bottom.

     

    That's what I'm doing.
    26 Apr 2013, 01:25 AM Reply Like
  • To Jesse99,
    "Strategy Analytics" said, " ...rose...117% ... to 40.6M". So it implies, " rose ..117% from 34.7M to 40.6M".
    Posting a nonsensical comment like, "What is 117% of zero?" may seem cute to you, but it is meaningless and it wastes everybody's time.
    26 Apr 2013, 03:48 AM Reply Like
  • That link has nothing to do with win 8 phones.....
    27 Apr 2013, 06:55 PM Reply Like
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