Apple Blames Rumors for Slower Than Expected iPad Sales

The iPad mini was released last week


A slowdown in iPad sales over the last quarter was one of the reasons Apple's fourth quarter earnings missed analyst's expectations. Apple last night announced a record fourth quarter, with profits of $8.22bn, slightly behind the $8.3bn predicted by market experts.

Apple sold 26.9 million iPhones in the three months up to September 29th, an increase of 58 per cent and more than forecast. However, iPad sales of 14 million—an increase of 26 per cent, were lower than expected.