Skip to content
Subscriber Only

IPad Sales May Fall Short as Customers Cut Spending

Apple Inc.’s iPad and other tablets may not sell as well as analysts had estimated as customers cut back spending on new technology or opt for new smartphones and laptops instead, according to Rodman & Renshaw LLC.

Apple, which sold 4.19 million iPads last quarter, may have trouble hitting some analysts’ estimates of 6 million sold in the fourth quarter, said analyst Ashok Kumar, who predicts Cupertino, California-based Apple may sell as few as 5 million of the touch-screen tablets.