After being a pariah with the investing community over the last 12 months, Apple (NASDAQ:AAPL) may have finally stopped this ugly trend with the impressive earnings announcement it delivered in late July.
But while there were plenty of subplots for Apple investors to revel in, the major notable disappointment came from Apple's usually impressive iPad. Though it's fairly described by some as Apple's most successful product ever, the game-changing tablet actually saw sales fall off meaningfully from the same period last year. Despite a slew of tablets coming to market, many thought the iPad's place in consumers' hearts was safe. In this video, tech and telecom analyst Andrew Tonner explains why this surprise sales slump could mean big things ahead for the iPad in the second half.
Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.