Hot-Selling Apple (AAPL) iPad Mini Could See Up to 30% Drop in Demand During Q2
One of Apple's (Nasdaq: AAPL) hottest products might see some weakness moving through the current quarter.
Digitimes says that shipments of Apple's popular iPad mini could sees a sequential drop of 20 percent to 30 percent due to sofening demand in the market. Sources said the drop in demand stemmed from customers looking forward to the next-generation iPad mini, holding off purchases in the interim.
Apple also adjusted reserves from 15 million in the first quarter down to a range of 10 million to 12 million in the current period, sources told Digitimes.
Panel shipments from at least one supplier for the entire iPad line should be 3.5 million in April, from 5 million in March. Shipments for May and June are expected to be about 3 million apiece, sources said.
Shares of Apple are indicated lower in early trading Wednesday.
Digitimes says that shipments of Apple's popular iPad mini could sees a sequential drop of 20 percent to 30 percent due to sofening demand in the market. Sources said the drop in demand stemmed from customers looking forward to the next-generation iPad mini, holding off purchases in the interim.
Apple also adjusted reserves from 15 million in the first quarter down to a range of 10 million to 12 million in the current period, sources told Digitimes.
Panel shipments from at least one supplier for the entire iPad line should be 3.5 million in April, from 5 million in March. Shipments for May and June are expected to be about 3 million apiece, sources said.
Shares of Apple are indicated lower in early trading Wednesday.