Wedge Partners: iPad demand strong over holidays; competitors are ‘junk’

Retail

In a note to investors this week, Wedge Partners’ Principal and Equity Analyst Brian Blair had some strong words for iPad rivals’ retail performance over the holidays. Seemingly not one to mince words, Blair said that consumers had little or no interest in tablets other than the iPad this holiday season, calling the iPad’s competition underpowered junk. While Samsung Galaxy Tab sales have been quite strong thus far, Blair’s retail checks didn’t turn up much demand for the Tab or other Android tablets.

Even with a handful of tablet competitors hitting the market, the iPad remained the only game in town in our holiday checks largely because many of the tablets hitting the market are junk for lack of a better word. They are underpowered, poorly constructed and largely not ready for prime time.

Blair also noted that demand for Apple’s MacBook Air, iMac and MacBook Pro lines was stronger than expected this holiday season, which could lead to another huge quarter.

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47 Comments
  • Anonymous

    All those years trash-talking as a member of the Killer B’s have stuck with him.

  • Len

    It seems to me like you’re picking out all the reports/surveys/opinions which praise Apple and then posting it over here… Conversely, you choose to neglect any sort of reporting that is negative towards Apple.

    You guys are a sad bunch over at BGR.

    • Petey

      True and Its quite embarrassing.

  • Alonzo

    What an ass. This guy must be “Apple Fan Boy Extraordinaire”….
    What in the hell is an “Equity Analyst”? I’m just trying to figure out if this guy graduated from grade school.

  • RealDeal

    “under powered junk” Funny considering the iPad is the least powerful in terms of hardware specs.

    • Michael Scrip

      Is that why nobody is buying the iPad?

      Oh wait… wasn’t the “MHz Myth” disproven years ago?

    • http://twitter.com/M_Sined Denis M.

      The iPad and the Galaxy Tab use the same hardware… the Apple A4 is a Samsung Hummingbird CPU in disguise…

  • Donny

    Android fanboys heads are exploding upon reading this

    • uDummy

      What’s funnier are the Apple fanboy’s jizzing in their pants over words from an analyst that has no ties to Apple or any sales tracking data.

      • Michael Scrip

        The iPad has been selling a little over 1 million per month since April. This holiday it most likely increased a little bit.

        If you want the official numbers… you’ll hear them at the next Apple event in January.

        But I seriously doubt the iPad sold less this Holiday season…

  • EP_bgr

    Most popular does NOT equal better. This rule applies to almost anything on this planet.

    • Anonymous

      I agree.

      Android runs on over 100 devices currently.
      iOS runs on 12 devices currently.

      Most would assume that Android is the better platform. The good news is that we all know better. Even with 100+ devices Android is still outsold by Apple iOS devices. It isn’t who has the most devices, it is who has the best devices and sells the most of those devices.

      • Joebutler85

        Android numbers may be based on lots of different phone models but at least Android numbers are based on phones. iOS statistics are talking about phones, mp3 players, and tablet pcs. When comparing Android Phone numbers and iOS Phone numbers Android has been cleaning Apples clock for the past 4 quarters.

      • Michael Scrip

        “Android has been cleaning Apples clock for the past 4 quarters.”

        But who cares about Android numbers?

        Just Google. They get their $0.001 every time you see an ad.

        Yeah… “Android” is selling 300,000 a day. How many different Samsung Galaxy S phones are there? And how many Motorola phones and how many HTC phones are there?

        Do you think Apple really gives a shit that they are only selling 150,000 iPhones a day? Apple has what… 5% of the smartphone market… and 50% of the profit? With only 2 phones.

      • Anonymous

        Incorrect. Apple has been cleaning Motorola, HTC, Samsung, and Sony’s clock when it comes to making profits in the phone business.

    • Mrmcdizzle

      McDonald’s has the most popular hamburger on the planet. Does that mean that it is the best?

      • Anonymous

        That would be a good analogy if iPhones were 99 cents and Android phones cost $8.

        Key word being “would.”

  • http://twitter.com/praticuschaotic Jon Doe

    Well, I know who I WON’T be investing with. Do these jackoffs even know the hardware specs? The iPAD is too bulky and unwieldy for just how little power it offers rather less lack of Flash, camera, video support (VPlayer Alpha for the win!!).

    • Anonymous

      You won’t be investing with this or any company because you don’t have any funds to invest. That’s the first thing. Second. if you did have any money to invest you would lose it because you think that investing in things you like is how you make money. You make money by investing in things that majorities like.

      Investing emotionally will leave you bankrupt. If I thought for a second that Microsoft’s stock was ever going to move beyond the $25-$29 range I would put everything I had in their future. That ship has unfortunately sailed though.

      If you hate Apple for what ever reason, just say so. Please though, for the sake of whatever pride your family still has left for you, don’t post ignorant comments just because you don’t like something. Apple’s products aside anyone who things their financials are going anywhere but up are completely blind to how they work their business.

    • numetheus

      You do know that investing in something just because you personally like it, or don’t invest because you personally hate it … Is an extremely stupid way to invest right? You invest based on market trends who gives a damn what you think. Even if you personally hate it, it’s very smart to invest in it if it’s projected to increase market share. Investing is about money and financial projections. The iPad will continue strong throughout the year whether you like it or not. Maybe you’re not a successful investor because of the comment you just made. Just a thought.

  • http://www.google.com/profiles/flavio.ribeiro Flavio Ribeiro

    The only Apple product I own is a keyboard, and I agree with this quote.

    iOS delivers a more consistent user experience than Android. Also, it has better performance and battery life. Google chose to sandbox each application inside its own Dalvik VM, which is good for security but far from ideal for battery life. Only now they are waking up and letting developers write native libraries without jumping through 1000 hoops, which is something that iOS allows by design.

    We’re also seeing a lot of Android tablets and smartphones with poor build quality. While BGR readers may easily tell them apart, the public only knows that there’s the iPad and the rest. And they aren’t going to spend 10 hours doing research on the web if they know the iPad has they features they’re looking for.

    • Joebutler85

      It’s easy to get better battery life when your products lack several notable features and processes that your battery would be required to operate. But for those willing to sacrifice functionality for an overly simplistic basic OS than they can have at it.

      • Anonymous

        In other words everyone should drive Hummers because *obviously* they are much more capable than a typical car.

        Just ignore the gas mileage, right?

  • Anonymous

    What is being said on this thread of comments:

    Len wrote:
    “It seems to me like you’re picking out all the reports/surveys/opinions which praise Apple and then posting it over here… Conversely, you choose to neglect any sort of reporting that is negative towards Apple.

    You guys are a sad bunch over at BGR.”

    What negative stories are there exactly? People are buying Apple’s gear. There Market Cap is $300 Billion (With a B) Developers love iOS because it makes them money. What is there that is negative about Apple? If you don’t like the platform(s) that is your right. For you health though find something else to do. If Android is your passion (which it appears to be) then champion your passion.

    Alonzo wrote:
    “What an ass. This guy must be “Apple Fan Boy Extraordinaire”….
    What in the hell is an “Equity Analyst”? I’m just trying to figure out if this guy graduated from grade school.”

    An Equity Analyst is someone who makes money by directing people to invest in financial “vehicles” that will earn them a great return. Example, investing in Apple in 2003 would have gained you a 1,200%+ return. He/She is also someone who earns more money a year than you will ever know.

    Now I am not sure if it is the stupidity or the ignorance but if you are posting complaining about what this site offers then the problem is solely those that come to a site they hate.

    Here is some news, this site and others like it are not the problem. Apple is not the problem. The problem is that there is no other company doing anything that most people give two shlts about. Most people get on their device, do what they need/want to do and then get on with their lives. Then there is the 5-10% of you who would prefer that your devices consume the majority of your time.

    Most of the world wants their technology to work for them, they don’t want to work for their technology. It is what it is. Apple is going in one direction, UP!

    Happy Holidays folks, remember, they are only pieces of technology and next year they will be different pieces. The only thing that will be the same is that Apple will be building the products that most people will be buying (or wanting to buy) and Apple products will be the media’s (and bloggers) main focus.

    • Dario69

      One negative story that was never covered here was the breach of personal data that developers are exploiting. In this case Apple was seen as the major contributor to this compared to Android and Microsoft. Not a peep about this on BRG. I saw this on other tech blogs and CNN but not on BRG.

      There is an Apple filter in place on this site. And it is ignorant to think there is nothing negative to say about any company, no matter how successful they are like Apple. High Market Cap? So what. That doesn’t mean they are above criticism. Your fan boy colors are showing strong in this post. As much as I love my iPad I am not blinded by the fact that Apple has flaws like any other company. Too bad I can’t say the same for some of others on this forum.

    • Anonymous

      It is hard for some people to understand that Apple won. Great design, integrated hardware/software, simplicity, usability, reliability … these used to be controversial to the tech buyer, but now they are essential. In part because the buyers are no longer just CS/IT people, and in part because there is so much more to do with a computer today than troubleshoot the fragile Registry or clean viruses off it. Apple utterly dominates mobile, where they offer the only real computer, and the Mac has 90% market share in high-end PC’s. If you are unhappy about that, complain to Microsoft and other vendors that their products are crap, tell them to make something better.

  • uDummy

    Oh hey… Brian Blair… he’s the guy who wrote a letter to Nokia saying they should have bought Palm and ditch Maemo for WebOS so they could get a better market share in the U.S.

    Haters or Fanboys, it doesn’t matter who or what you are, you NEVER listen to analysts… the only difference between an analyst and a person writing a comment on a tech blog is one of them gets paid to make their wild assumptions.

  • Monique

    I really don’t know why people get their panties all tied up in a bunch when someone talks negatively about a product they like. Why do you have so much loyalty to a company who could really care less about you and is only concerned with making money? Hey I’m on VZW, I have a Droid Incredible, I absolutely love it. In the past, I really wanted to have an iPhone but wasn’t willing to go to at&t for it but I’m really happy with Android now so I doubt if I will switch over to the iPhone when/if it comes to VZW. With that being said, I plan to get an iPad 2 whenever it comes out. I will have the best of both worlds in my opinion. I will be able to tether my iPad for free with my rooted droid incredible. Seriously people, these are just technological devices, not something that cure cancer or end world hunger…geez.

  • T. Nose Pickens

    He’s right about the Galaxy Tab, it is junk. The email client is half baked, browser is choppy and shitty. The device itself is beautiful, screen is tops, size is better. But it went back in 2 days, really disappointing. Not an Apple fan most of the time, but even without camera and other annoyances, the iPad is better than most right now just for it’s polish and finish

  • Anonymous

    No surprise they touted iPad as the best thing since sliced bread, some board members have a sizable amount of shares in Apple (see Terry Nickels and Jim Deasy)

    • Dario69

      Shocker. But I am sure the Apple fans will overlook that tiny little fact. Or make excuses like above.

  • http://www.braddobbs.com Brad Dobbs

    Galaxy Tab – now DOA with Honeycomb coming on Motorola here at CES.

    They better upgrade it quickly, because standard Android (especially one not really blessed by Google) isn’t very impressive on the Tab.

  • Monique

    It will be interesting to see how the ‘real’ Android tablets will fare compared to the iPad. I mean, the Android tablets that google approves such as the Motorola one which will be revealed next week. Android phones have been a success particularly at VZW because it served primarily as an alternative for people who didn’t want to switch to at&t for the iPhone. In the tablet war, you’re not going to be stuck to a particular carrier so it may take Android/BB/Windows awhile to catch up to the success of the iPad. I just don’t see it happening any time soon but at least people will have options. It will be good for the consumer in the end.

  • Alonzo

    To “TheNewReign”: I’m not against the Ipad. In fact I think I may spring for an Ipad 2 if the specs are good. I like the Blackberry Playbook the best so far, but now we are hearing of battery issues. I would prefer a 7″ tablet.
    My problem with this so called “analyst” is his obvious bias. I like competition. I want to see an array of strong Ipad competitors in order to give us good choices that fit our individual situations.
    Yes, Apple stock would have been a great investment in 2003. But I’m sure this guy recommended a lot of stocks that didn’t do well. I’d love to see this guys track record. He still sounds like an ass to me.

  • http://pulse.yahoo.com/_4WG2UI3ALEVUL2F7JR4KFWAE74 Myk

    Wouldn’t surprise me if the maxIpad outsold others as it has a huge advantage in advertising. I mean has anyone seen another tab advertised besides the Galaxy? I only remember seeing it on a general Verizon commercial.

  • Anonymous

    Pick your battles fanboys from both sides. If you want to fight about the better product (the product itself, not sales) you shouldn’t be reading product reviews from an equity analyst, that’s like asking Martha Stewart. Not really useful unless you need your gadget to match your blinds or some crap. If you’re looking to invest money in a company based on financial information, including its products, then you can take this person’s view alongside others. However 30 seconds on their poorly laid out website not boasting about any amount of money they direct or control or even clients shows they are likely small potatoes in the securities world.
    If you’re commenting on this person’s review of actual products, as in how the product performs as a device, not in sales, then don’t forget to read Car & Driver’s and People Magazine tablet reviews as well. Shame on you for caring what this guy thinks of the actual products.
    However the fact is there are and will be a ton of junk Android tablets based on cost first and product second, any person with the mental capacity to do a Google search can realize that. However these are all premature devices. When Android tablets ship with Honeycomb (the OS made for tablets like Apple customizes iOS for iPad) and you look at the products in the same price range then you’ll be looking at which product fits your personal preference best when comparing a variety of Android tablets vs iPad. Do a product search for $500+ and chances are you’ll see a set of competent Android tablets. As for which is better, well, now you’re onto a Coke vs Pepsi discussion which is more pointless then posting on a tech blog.

    • http://twitter.com/the_om3ga_man Omega Man

      This is the best comment of all so far!

  • Goofan (aka Apple Hater)

    the fact is that ANYTHING with Android (even the ex-wife’s v*brators of some of the posters here, you know you are!) is better than any Apple product. Us Goofans (aka Apple Haters) know that Apple doesn’t build a SINGLE good product. And yet, people are so stupid and buy them. We (Goofans (aka Apple Haters) know that people buy Apple products because they don’t have the intellectual prowess to deal with a much more “complete” OS! So that said, Apple will continue to do good with the “general” or better said “average/below average intelligence” groups. Which yeah, is about 99% of the population. But that’s Apple’s loss! Why would they sacrifice US, the key 1% for 99% of the world??? It’s STUPID!

    • http://twitter.com/the_om3ga_man Omega Man

      LOL Funny but still just sad on so many levels. Please read Monique’s comments!

  • QNX Please

    Still have absolutely no use for an oversized iPod Touch…. Everyone I know who got an iPad for christmas rants and raves about how fun it is to use…. to look at websites and play angry birds. The novelty has already started to wear out on a few who were early adopters, one has admitted they haven’t use theirs in a few weeks, because youtube is slower, and typing sucks. Like I said when the ipad first came out, and all tablets for that matter, unless you are in business, tablets are a waste of money, as you are much better served with a laptop.

    • http://twitter.com/the_om3ga_man Omega Man

      For getting any real work done, I completely agree. For entertainment and media consumption, tablet “like” devices server a specific purpose. Price, form factor, build quality, content and general ease of use are the critical elements here. The iproduct has a comfortable market lead, thus far, but I predict that the industry will catch and ultimately surpass this specific product, much in the manner that the other iproduct has been. It is rare that one single company can stay in front of an entire, Highly Motivated ($$$$) and simi-united industry, for very long.

      The good part here is that the better the competition gets. with their products and processes, if apple wants to compete, much less lead, they will have to innovate. That means better and hopefully less expensive technology choices for all of us. We as a people and a society hopefully advance.

  • http://twitter.com/RaptorOO7 Michael Darby

    The Glaxy Tab is only available in 3G, with a WiFi model to arrive later. Pay close attention, Samsung sold nearly 1 Million Galaxy Tabs by year end since launch, SAME as the iPad did on it’s launch month.

    • Goofan (aka Apple Hater)

      Galaxy Tab has sold over 1,000,000,000 tabs already and Apple is LYING. They haven’t sold a single iPad. The GaTab is amazing. It can do things not even a supercomputer can do.

      • http://twitter.com/the_om3ga_man Omega Man

        Slowly step away from the Crack Pipe and keep your hands visible at all times!

  • Red

    The iPad is nice, no doubt. But could it be selling more than the others because they offer wifi-only models? I want an iPad. But as I’ve been looking for one, I can only find 3G models in my area and not the wifi only model.

    Point is, a lot of people don’t want to pay monthly to use something if they can use it for free with their connection at home, or at places like starbucks. The galaxy tab is only offered with a service agreement. If they offered a wifi-only model, I’d bring it into buying consideration.

  • http://www.facebook.com/matt.mingkee Matt Tsui

    Apple still failed to gain my favor because:
    1. very limited audio support (let alone of wma and ogg)
    2. no Adobe flash
    3. itunes required to make iWhatever works
    4. no removable battery
    5. iOS hardware choice is dead-limited to Apple

    Apple products are too luxury for me, no thanks.

  • http://twitter.com/the_om3ga_man Omega Man

    Financial Analysis are now “Experts,” in Technology? Hmmm, I wonder if the reverse is true too?

    “the iPad remained the only game in town in our holiday checks largely because many of the tablets hitting the market are junk for lack of a better word.” Hmmmmmmm.

    I think a more accurate and appropriate phrase would have gone like this: The iPad remained the only game in town, in our specific holiday checks, largely because some if the current and upcoming tablet computing platforms hitting the market, are simply junk, for lack of a better word. This is not exclusive to apple, Rim, HP, Nokia, or any other CEM out there. If the product does not offer a consistent and complete user web and media experience, then it simply does not measure up to what this unique market niche requires, at this point anyway. Many potential tablet products are too underpowered and/or poorly constructed and are largely not ready for prime time. This is not to say; that within time, these products and the overarching market conditions may change and so might our financial recommendations.

    This would make me, at least, respect the Techo-finacial perspective that this person [sic] puts into the public domain.

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