The iPad is still picking up steam, says an analyst, cutting into sales of every PC but the Mac
Following up on a report issued Tuesday in which he cut his personal computer sales forecast for the second time in two months, Barclays Ben Reitzes took a closer look Wednesday at what it means for Apple (AAPL). In a note to clients, he writes:
In Tuesday’s note, Reitzes cut his 2010 PC unit growth forecast to 16% from 19% and upped his 2010 tablet unit sales estimate to 15.85 million from 15.2 million. See here.
“Our contacts in Asia,” he wrote, “seem to regularly blame the iPad for a large portion of the [PC] market woes.”
UBS’s Maynard Um has slightly different take, according to AppleInsider. “We are not sold that the iPad is purely cannibalizing PC sales, as the functionality of the iPad cannot yet deliver the functionality of notebook PCs,” Um told clients Wednesday. “However, consumers who purchase iPads may be more willing to delay purchases and upgrades of existing PCs.”
[Follow Philip Elmer-DeWitt on Twitter @philiped]