∞ J.P. Morgan: iPad competitors failing

After the release of the original iPad, companies crawled out of the woodwork to announce a tablet of their own. However, those companies are finding that consumers don’t just want a tablet, they want an iPad.

[ad#Google Adsense 300×250 in story]A report released on Thursday by J.P. Morgan Chase says that demand is not what Apple’s competitors had hoped for. In fact, production of tablets has dropped by about 10 percent, according to NYTimes.

In comparison, Apple has had a hard time keeping up with demand for the iPad since it was released. For its fiscal second quarter, Apple sold 4.69 million iPads.

The report even went so far as to name Asustek’s Eee Pad Transformer, Motorola’s XOOM, RIM’s PlayBook, and Samsung’s Galaxy Tab as the failing competitors.

J.P. Morgan said it expects the “tablet bubble” to burst later this year.