Shipments of Apple's (AAPL) iPad Mini on Pace to Smash Expectations
Tweet Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $445.15 +0.68%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
Trade AAPL Now!
Apple (Nasdaq: AAPL) shares are ticking higher in early trading amid reports it might see a nice boost in iPad mini demand through the end of the year.
According to Digitimes, Apple increased orders for the iPad mini by 25 percent to 10 million units, as demand for the tablet continues to be robust. Sources have said that total unit volume for the few months since the device debuted in late October/early November will be about 12 million units.
The number is significant in that it could come in 20 percent above Apple's own expectations. The Curpertino, CA-based electronics and media giant had loose predictions of 10 million units being shipped in 2012, adjusting that to about 6 million to 8 million units as component yields waned.
Sources noted that yields have markedly improved and shipments have already surpassed 8 million units.
Upstream manufacturers supplied about 4 million to 4.5 million components in October and November, with the same volume expected in December.
No word on expectations for demand or shipments moving into the first-quarter of calendar 2013.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to Digitimes, Apple increased orders for the iPad mini by 25 percent to 10 million units, as demand for the tablet continues to be robust. Sources have said that total unit volume for the few months since the device debuted in late October/early November will be about 12 million units.
The number is significant in that it could come in 20 percent above Apple's own expectations. The Curpertino, CA-based electronics and media giant had loose predictions of 10 million units being shipped in 2012, adjusting that to about 6 million to 8 million units as component yields waned.
Sources noted that yields have markedly improved and shipments have already surpassed 8 million units.
Upstream manufacturers supplied about 4 million to 4.5 million components in October and November, with the same volume expected in December.
No word on expectations for demand or shipments moving into the first-quarter of calendar 2013.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Should Cirrus Logic (CRUS) Warning Resonate with Apple (AAPL) Investors?
- Sony (SNE) Might be Delaying Launch of Apple's (AAPL) Streaming Music Service
- iPhone Sell-Through Tracking Ahead of Consensus, Says Morgan Stanley (AAPL)
Create E-mail Alert Related Categories
Insiders' Blog, Retail Sales, Trader TalkComments
Login with Facebook
Sign 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!
nope, negative gain
nand on Dec 21, 2012 12:02 AMMark as Spam | Reply to this comment
no gain at all today but lost iSheep, at least today nothing got smashed... stocks close to -20% loss in only two months