Wall Street consensus is that when Apple announces its Q2 2014 quarterly earnings on Wednesday, Apple’s year-over-year iPad numbers won’t look good. On the low end, at least one Wall Street analyst says that Apple will have sold 23% fewer iPads this year than last year in the same quarter; on average, Wall Street expects Apple’s iPad sales to have declined 0.7% year-over-year.
How can this be? This is the year that Apple unveiled the Retina iPad mini and the beautifully redesigned iPad Air, after all. How is it possible that these iPads can be selling worse than the inferior iPads a year ago?
Ex-Apple exec Jean-Louie Gassée has a theory, and it’s not one that Apple fans are going to be happy to hear: the iPad is a big tease, and fundamentally less useful than both a smartphone or a laptop.