Apple (AAPL) Cuts iPad 2 Orders Ahead of Next-Gen Tablet Debut
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $325.13 +2.61%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
EPS Growth %: +7.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
EPS Growth %: +7.0%
Join SI Premium – FREE
Could it be in anticipation of the next-generation iPad, or simply waning demand?
Well, whatever it is...Apple (Nasdaq: AAPL) is looking to control inventory more, and trimming orders in the process, according to Digitimes Thursday.
Sales of the iPad 2 were 11.12 million last quarter, and component makers have said recent orders called for the production of 15 to 16 million units, with a stockpile of 4 to 5 million units being left in the supply chain.
On the move, LG Display (NYSE: LPL) saw shipments decline from 3 million in September to 2.5 million in October. Samsung shipments were flat at 2 million units, and Chimei Innolux reported a decrease from 700,000 units in September to 350,000 in October.
Well, whatever it is...Apple (Nasdaq: AAPL) is looking to control inventory more, and trimming orders in the process, according to Digitimes Thursday.
Sales of the iPad 2 were 11.12 million last quarter, and component makers have said recent orders called for the production of 15 to 16 million units, with a stockpile of 4 to 5 million units being left in the supply chain.
On the move, LG Display (NYSE: LPL) saw shipments decline from 3 million in September to 2.5 million in October. Samsung shipments were flat at 2 million units, and Chimei Innolux reported a decrease from 700,000 units in September to 350,000 in October.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple (AAPL) sets John Ternus' salary at $3M
- Apple’s new CEO teases future products, ‘phenomenal’ iPhone launch
- GoPro to merge with Starman Optical in $285M recapitalization deal
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
