Tim Cook: “There Will Come A Day When The Tablet Market Is Larger Than The PC Market”

One of the big questions hanging over Apple this quarter was whether or not iPad sales would continue its rapid growth. Last quarter Amazon introduced the Kindle Fire at $200 (well below the iPAd's entry-level $500 price) and there was concern that even Apple diehard fans might delay their purchase of a tablet until the iPad 3 comes out—rumored for later this year. But iPad sales came in well above expectations at 15.4 million units. During the conference call today, Tim Cook predicted: "I think there will come a day that the tablet market is larger than the PC market."

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