It is amazing to read this WSJ post “Apple iPad: Analyst Tones Down Excitement over Device“,
In a note entitled “Seeing is Believing” — their previous note was subtitled “Apple has Another Winner — Needham revised its original forecast of four million iPad sales in the year following the device’s April launch. “We’re now forecasting iPad sales of two million units in fiscal 2010 and six million in 2011. Our forecast assumes that over half of iPad sales come at the expense of the iPod touch.” Needham analysts said they revised their call “after watching a replay of Apple’s iPad introduction and reassessing the device’s potential.”
Reminds me of this quote in quotes I love,
“If you have to forecast, forecast often.”
– Edgar R. Fiedler in “Across the Board: The Three Rs of Economic Forecasting — Irrational, Irrelevant and Irreverent”
Filed under: design, investment, Science & Technology 
