MG Siegler:

iPad sales did disappoint one group of folks immensely: Wall Street.

As a standalone business, just based on the last 12 months of revenue, the iPad would be in the top 100 companies in the Fortune 500. Think about that for a second. The iPad alone is bigger than almost all Fortune 500 companies.

If the iPad is a fad, it’s the greatest fad in the history of American business.

It’s easy to point to “fewer iPads sold” and Chicken Little the story to death – as respected columnist Gassee and Mossberg have done. But it would still be wrong.