In a note to clients, Citi analyst Glen Yeung says the iPad mini is cannibalizing sales of the full-size iPad. A poll of 50 Apple stores conducted by Citi this week found limited stock of the iPad Mini but wide availability of the iPad 4.
“While not explicitly asked, it is clear in our survey work that [the] iPad 4 is not selling well, cannibalized by Mini sales,” Yeung says.
Around 10 million iPad minis were manufactured for the current quarter, compared with 10 million to 15 million for all other iPads combined, he adds. Read more at http://news.cnet.com/8301-13579_3-57556141-37/ipad-mini-cannibalizing-sales-of-ipad-4-says-analyst/?part=rss&subj=news&tag=title .
