The introduction of the new iPad from Apple Inc. (NASDAQ: AAPL) did not figure into the equation. In a note Pacific Crest’s clients, cited at MarketWatch, analyst Chad Bartley said:
We attribute weaker e-reader demand to slowing adoption, as well as some cannibalization by the Kindle Fire.
Bartley maintains his sales target for the Kindle Fire tablet but does see “some risk” based on the supplier check.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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