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Apple iPad sales dip below forecasts

Apple iPad sales for quarter ending 25 September fell 800,000 below predicted 5 million units.

Apple's sale of 4.19 million iPads for the quarter ending 25 September has disappointed Wall Street analysts, media reports said on Tuesday.

Between July and September this year, Apple sold 14.1 million iPhones -- higher than the 12 million predicted when it was launched.

However, its tablet computer iPad sold just 4.2 million -- 800,000 units less than the predicted 5 million, causing the electronic maker's shares to fall by almost 6 per cent in early trading on Tuesday.

Speaking at the company's quarterly earnings meeting, chief executive Steve Jobs quashed rumours of the company producing a seven-inch iPad. "We think the current crop of seven-inch tablets are going to be dead on arrival," he said.

"The seven-inch tablets are tweeners, too big to be a phone and too small to compete with the iPad," he added.

The company said net income for the fourth quarter rose 70 per cent, to $4.31 billion from $2.53 billion a year earlier. Revenue rose 67 per cent to $20.34 billion from $12.21 billion.