Chart of the day: Apple's iPad as the PC market's cutting edge

The traditional personal computer business is shrinking. The tablet is just taking off

Source: Asymco.com

FORTUNE -- Asymco's Horace Dediu put this chart together Wednesday after Dell's (DELL) earnings miss -- the first in which management acknowledged the competition from Apple (AAPL) and Google (GOOG). Dediu writes:

"And so, two years later, the impact of the iPad is becoming abundantly clear, even to the incumbents. The resistance and denial was profound. Even on this blog, the agitation and anxiety when the subject of the iPad as disruptor came up was palpable. Perhaps that is the greatest testament to the disruptive potential of a product."

See the rest of his post here.