Tim Cook addresses iPad competition

Apple chief executive Tim Cook has addressed the numerous tablets competing with the iPad in the company’s latest earnings call, but says he isn’t too concerned.

According to Investors Daily, Cook noted the competition, but said Apple is still gaining market share.

“We’ve seen several competitors come to market to try to compete with the iPad,” Cook is reported as saying.

“Some had different form factors, different price points. And I think it’s reasonable to say that none of these have gained any traction thus far. And in fact, as all of those competitors were coming to market, our share actually went up, such that in the June quarter, according to IDC, we were responsible for three out of every four tablets sold.”