We've reached peak iPad.
Or, at least, that's the current meme going around this week. Truth be told, it actually started last week, leading up to Apple's earnings on Tuesday. A few folks read the tea leaves and guessed that Apple's iPad sales would disappoint this quarter. And lo! They were right.
fail to fulfill the hopes or expectations of (someone)
In that sense, the definition is correct. iPad sales did disappoint one group of folks immensely: Wall Street.
But that's also a comical exagg...