Asus Reduces Netbook Sales Expectations Because of Apple iPad

Asustek—perhaps the poster child of the netbook world—is cutting down netbook shipments for their strongest quarter. Their reason: Apple's iPad is eating their market. They are not giving up, and will "step into the tablet PC segment."

According to CEO Jerry Shen, the company has reduced its unit target to 1.4 million for the third quarter, which is traditionally its peak sales period. [Digitimes]