Apple earnings up, but the iPad continues its ironic decline – just like the PC it tried to replace

The iPad (Apple) Reality Distortion Field
Apple (AAPL) held its Q4 2014 earnings call yesterday, and despite (unsurprisingly) record profits from the iPhone and Mac departments, CEO Tim Cook admitted that the iPad isn’t doing as well as it used to — and, rather amusingly, the stagnation of iPad sales seems to be rooted in the same underlying cause of slowing PC sales: After you’ve bought an iPad, there’s very little reason to upgrade.