The iPad is munching away at the netbook market

As the design and technology gurus in the back rooms of the company secretively developed what would become the iPad, Apple executives consistently dismissed rumours they were engaged in developing netbooks or slates. Now the iPad has eaten the netbook market.

Morgan Stanley’s Katy Huberty has released new stats which show the announcement of the iPad slowed growth in the netbook market to a standstill, as reported by Fortune.

Sales growth peaked last summer at 641% year-over-year, but collapsed in January (when the iPad was announced) and fell again in April. Huberty says this is because of the impact of Apple