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iPad Killing Half of Laptop Sales?


9:40 AM -- Best Buy CEO Brian Dunn says Apple Inc. (Nasdaq: AAPL)'s iPad is cannibalizing 50 percent of laptop sales, according to The Wall Street Journal.

Dunn's revelation comes on the same day that Morgan Stanley analyst Katy Huberty reported that the netbook market is also being wrecked by the tablet device. Sales of netbooks declined for the first time in August.

Apple is expected to sell 28 million iPads in 2011.

In other iPad news:

  • The iPad has made it to China. Apple Stores in Beijing and Shanghai, as well as some authorized resellers, began selling the device this morning.

  • Walt Disney Co. (NYSE: DIS) and The Nielsen Co. have teamed up to introduce a free iPad app that will serve as a companion screen to ABC's new show, My Generation. While users watch the show on TV, the app will display "polls, trivia and other content timed to be relevant to what is transpiring in the 'Generation' storylines," according to The Hollywood Reporter.

    — Erin Barker, Digital Content Reporter, Light Reading Cable

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