updated 11:07 am EDT, Fri April 18, 2014
Company facing headwind from phablets, improved Android tablets
Almost half of a group of 34 analysts tracked by Fortune are expecting Apple to report a slight decline in iPad sales year-over-year during its Q2 2014 results, due to be announced April 23rd. The overall consensus currently sits at 19.3 million units, which would be a 0.7 percent dip. Polling among the professional analysts in the group is somewhat more positive, calling for a 19.4 million consensus versus the amateurs' 19.2 million.
The amateur pool is responsible for providing the extreme forecasts. Braeburn Group's Matt Lew is anticipating just 15 million units, which would be a 23 percent decline. Asymco's Horace Dediu, conversely, is predicting 21.81 million units, which would be a 12 percent jump.
The iPad is still the world's most popular tablet, but no longer has the overwhelming dominance it managed during its first two years. Rival Android tablets have begun to catch up to or surpass the iPad in terms of features, and some customers are now opting for phablets like the Galaxy Note 3.