That’s the word from Morgan Stanley analyst Katy Huberty, backed up by some recent comments by Best Buy (BBY) CEO Brian Dunn.
In a research note issued this week, Huberty points out that retail notebook growth in the United States fell four percent year over year in August after six months of decelerating growth. It did the same thing in the first week of September. And to Huberty, that’s the beginning of a trend. “We expect tablets to continue to pressure PCs as more vendors launch products (e.g., Dell Streak and Samsung Tab) and Apple expands its iPad distribution (e.g., China and five Latin American countries by September 17),” she wrote, adding that her model currently assumes the iPad is cannibalizing about 25 percent of notebook sales. [...]
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