May 17, 2013 - 05:15 PM EDT — AAPL: 433.26 (-1.318, -0.3%) | NASDAQ: 3498.965 (+33.722, +0.97%)
“Due to a combination of supply constraints and an admitted level of cannibalization due to the iPad, Apple’s Mac sales dropped 17 percent last quarter, with the unit posting its lowest numbers in some time,” Kevin Bostic reports for AppleInsider. Apple CEO Tim Cook “remains unperturbed by such figures. ‘If you look at when we came out with the iPad, what did people worry about? They worried, ‘Oh my god, you’re going to kill the Mac,” Cook explained. ‘The cannibalization question raises its head a lot. The truth is: we don’t really think about it that much. Our basic belief is: if we don’t cannibalize, someone else will.’”
Bostic reports, “Cook reiterated a position he espoused late last year: that the firms that have the most to worry about with regard to cannibalization by the iPad are Windows PC makers, not Apple. ‘In the case of iPad particularly, I would argue that the Windows PC market is huge and there’s a lot more there to cannibalize than there is of Mac, or of iPad.’”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Dominick P." for the heads up.]