Netbook sales drove the bottom line for a number of laptop manufacturers, and it was the hot new category for the previous two years. Now there are increasing signs that Apple, Inc. (AAPL)'s iPad is cannibalizing netbook sales.
According to DigiTimes, and as reported on by many sites today, Asustek, well known for its success in Netbook manufacturing, is seeing its bottom line hit hard. While the Eee PC line, which introduced the world to Netbooks, will continue, it will be with smaller numbers. Apple, on the other hand, is no doubt gearing up for a holiday rush.
Apple has released numbers showing that 3.27 million iPads were sold in the first three months it was available for sale. According to MacRumors.com, iSuppli thinks that instead of the 7 million or so iPads that analysts think will be sold in 2010 total, that the number will be more like 12 million with the holiday season rush.
Combine that with an iPhone, that despite the issues with the antenna, is still selling better than any previous iPhone, and with Apple's other core products, Apple will be on track for yet another blowout quarter.
The takeaway for investors? Hot selling inventory gets other people interested in the stock. January ends with Macworld, where Apple makes a number of big announcements. Historically, Apple stock gets active running up through holiday sales and just before Macworld, so if you're interested in the stock, sooner is better than later. You don't have to take my word for it, look at Apple's stock from January 1st through late January, when Macworld is held, from 2000-2010, and you'll see the excited build up.