Apple (AAPL) Ramping iPad Production
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Price: $333.74 +0.14%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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According to an AppleInsider article today, Apple (Nasdaq: AAPL) has ramped up production of the iPad to 2 million units per month, and may go as high as 3 million per month heading into the holiday season. The move may have been anticipated, as Apple has cut down the shipping times on new iPad orders from seven to ten days, down to just 24 hours.
COO Tim Cook is noted as saying that the iPad is not taking an "early adaptor" curve, and already has a "very big" market.
The device, however, may see a challenge in futures months as Samsung recently introduced its own Google Android-based tablet, the Galaxy Tab, and Toshiba is aiming to lauch their own version, the Folio 100, later in the year.
The bottom line is, if you are already using an iPad, or are considering one, there's a transcendental why you probably won't consider anything else for purchase. It may be the iTunes, App Store, or the camaraderie that the Apple community supplies.
COO Tim Cook is noted as saying that the iPad is not taking an "early adaptor" curve, and already has a "very big" market.
The device, however, may see a challenge in futures months as Samsung recently introduced its own Google Android-based tablet, the Galaxy Tab, and Toshiba is aiming to lauch their own version, the Folio 100, later in the year.
The bottom line is, if you are already using an iPad, or are considering one, there's a transcendental why you probably won't consider anything else for purchase. It may be the iTunes, App Store, or the camaraderie that the Apple community supplies.
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