Reiner noted that the iPad had a strong quarter, outselling the Mac. But that wasn't enough, as Wall Street analysts expected Apple to hit around 4.8 million sales for the three-month span.
Let's get this straight, and decide who are the idiots here. And, who should be punished with ceremonial public lashings, for misleading lemming speculators in the stock market.
[I stopped calling the stock market as an investing meidum for a long time-- a greater part are speculators that are being manipulated by a few who capitalize in the greed for quick profit by clueless "so-called investors.]
Immediately after the Jan 2010 introduction of the iPad, majority of professional analysts were sceptical that the iPad was going to find a market. Many in fact befieved the iPad is doomed as nobody wants it. Afterall, the iPad was just supposed to be a big "iPod touch". Wasn't that the mantra of most professional analysts and bloggers, after the introduction in January 2010?
To ridicule the iPad further, they latched on the name -- as poor choice because some stupid person associated the name of the new product with feminine hygiene. So, who would want to buy that? And, didn't many bloggers simply repeated this ridicule so that it became viral, expecting the average consumer perhaps to simply accept the analysts and bloggers warped thinking if not outright prejudiced and worse disinformation, and that no consumer would buy the iPad, because it is nothing but a big iPod touch?
As far as I can recall, the most optimistic projection was at most 2million iPads for the entire year of 2010. Then, when the first number came based from the pre-orders came in, did'nt a number of professional analysts tried to outdo each other who could provide the highest forecast sales.
If I remember correctly, Gene Munster of Piper Jaffrey, flip-flopped going so low, then high, and even higher just a few days before Steve Jobs announced the first weekend sales, and he was way way off by about half?
The Q3 2010 after the iPad was out, the actual iPad sales was way more than the expectations (more than 3milion if I recall correctly). Then, many of the analysts were tyring to outdo each other. Ignoring the fact that Apple, by its own admission, could not manufacture enough iPads. They went ahead with all those forecast that turned out to be way to high -- more than likely to compensate for their initial impression that the iPad is:
- nothing but a big iPod touch
- no one would buy "it" because no consumer, especially males would be caught dead having an accessory that is associated with feminine hygiene
- it would cater only to Apple fanboys, at best selling 2million in 2010, and will then peter out
- when the other companies will come out with their tablet products, they will overwhelm the closed garden of Apple
No question about it: "The iPad is doomed
Were they so wrong then, and they were so wrong when they swung so wildly in the other direction -- to cover their gaffe.
Now, having found to be no true prophets with the power to divine. they punish Apple -- with their arrogant displeasure -- because their incorrect prophecies did not come out right?
No wonder we are in big trouble, because of these stupid analysts, and their idiotic anlyses. And, there are enough speculators to follow them.
N.B. In all fairness, even the unaffiliated analysts who were really into Apple analysis did not get the numbers correctly, in fact, some of those with worse overexpectiations, for the iPad sales during the Q4 2010