80% of reduced iPad shipments attributable to channel inventory decline [AppleInsider]

I'm looking forward to seeing the 5th generation iPad sometime soon...

"But in addition to a tough comparison from 2012, Apple has also been working to draw down its channel inventory, Cook revealed on Tuesday. Specifically, he said iPad inventory was drawn down by 1.9 million units during the quarter.
That reduction in channel inventory accounted for 80 percent of the 2.4 million less iPads Apple sold this year, Cook noted. He also highlighted stats that show the iPad accounting for a whopping 84 percent of Web traffic from tablets.
"If there are lots of other tablets selling, I don't know what they'e being used for," Cook said. "Because that's a pretty basic function, is Web browsing.""

80% of reduced iPad shipments attributable to channel inventory decline