Ipad makes electronics product history
Some people still doubt the iPad's chances for success, but current sales rates suggest that the device could rank among top consumer electronics categories within a year. Consumers are adopting the iPad faster than any other consumer electronics device, including the iPhone."The iPad did not seem destined to be a runaway product success straight out of the box," said McGranahan in a recent note to investors, acknowledging the many criticisms about the iPad's lack of certain features at launch. The iPad's current sales rate is approximately 4.5 million units per quarter. If the current rate persists, the iPad could become a $9 billion per year business, blowing right past game consoles and cell phones to become the fourth largest consumer electronics category.
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