Apple’s Tim Cook: The iPad Is Cannibalizing Some Mac Sales, But There Are “A Lot More Windows PCs To Cannibalize Than Macs”

Jul 19, 2011 by Erick Schonfeld

Apple just announced another stupendous quarter. Revenues were up 82 percent to $28.6 billion, it sold 20 million iPhones , but it also sold 9 million iPads.

The iPad sales outpaced every other product. iPad unit sales were up 183 percent, growing even faster than the 142 percent growth of iPhone unit sales. Revenues for iPads and iPad peripherals reached $6 billion (up 179 percent), which is more than the $5.1 billion Apple made from desktop and laptop Mac computers. Asked on today’s earnings call whether iPad sales are cannibalizing Mac sales, Apple COO Tim Cook responded: “Some customers ...

Read more at TechCrunch

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