Ipad Bom Decreases As Margins Grow
Quarterly revenue from iPad and related products and services was $2.84 billion on sales of 4.69 million units, or nearly nine percent of the total $24.67 billion in revenues Apple reported for the entire March quarter. If sales had matched 7.33 million iPad shipped in the holiday quarter, quarterly iPad revenue could have hit $4.61 billion. Sales should grow organically in the coming weeks as manufacturing ramps up, iPad 1 channel inventory dries up and Apple expands iPad presence to new territories....