Analysts Suggest iPad Might Be Too Expensive For Holiday Gift

With all of the other eReaders and tablets coming to the market, will iPads be blasé as a holiday gift? Analysts from Rodman & Renshaw LLC are predicting that consumers are more likely to buy a smartphone or a laptop than an iPad.

With iPads running for $499 and up, some analysts think the price is too high for a device that can perform many of the same tasks as a phone, but not as many as a laptop.

Bloomberg reports: “Apple, which sold 4.19 million iPads last quarter, may have trouble hitting some analysts’ estimates of 6 million sold in the fourth quarter, said analyst Ashok Kumar, who predicts Cupertino, California-based Apple may sell as few as 5 million of the touch-screen tablets. Tablet computers, which let customers watch videos and read digital magazines and books, are still a “tweener” niche with limited capabilities that might prevent consumers from adopting the technology as quickly as some industry analysts had forecast, Kumar said. Samsung Electronics Co. is cutting its planned production by about 50 percent for the Galaxy after poor sales, he said, citing discussions with suppliers.”

What do you think?