Apple's iPad is already having a devastating effect on the netbook market, according to new research by Morgan Stanley analyst Katy Huberty. She notes that year-over-year growth in netbook sales began collapsing dramatically in January, when the iPad was announced, and were almost flat at 5 percent in April, when the iPad shipped. About 44 percent of potential iPad buyers in March were planning to get one instead of a netbook or a full-size notebook, Huberty said.