Another Big Cut To iPad Sales From Wall Street

axe hatchet cleaver knife meat

Photo: commons.wikimedia.org

Jefferies analyst Peter Misek is slashing his iPad estimate to 14 million for the fourth quarter, down from 17 million.That’s still above the 13 million consensus number for iPads, but it’s quite a cut.

(Hilariously, Misek says in the same note, “news reports have been overstating the extent of the weakness of the iPad.”)

Misek blames the crappy economy in Europe and the lack of carrier subsidy.

He doesn’t even seem all that confident in the new 14 million number. He says, “We note that that demand for the holidays still remains to be seen, and upside to 13M consensus and our new 14M number is still possible, but less likely than before given the success of the Amazon Fire.”

Don’t Miss: GOLDMAN: Demand For The iPad Is Fading

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple ipad sai-us