Apple (AAPL) iPad Mini Shipments Could Drop 12M Units in Q2 as Competition Grows
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Overall Analyst Rating:
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EPS Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
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Following up on a story reported earlier in the week, Digitimes is out with more information on Apple (Nasdaq: AAPL) iPad mini shipments today.
Sources said that shipments of the popular iPad mini will drop 13 million to 15 million units in calendar Q1 and 10 million to 12 million in Q2. Digitimes previously estimated a 20 to 30 percent drop in shipments in Apple's current quarter due to softening demand.
The estimates come as Samsung is unleashing its Galaxy Note 8.0 tablet. Priced at $399, the Note 8.0 is expected to pose strong competition for the iPad mini.
Samsung is also trimming prices on its other devices, cutting the cost of its Galaxy S III smartphone by $100 while offering the Galaxy Tab 2 7-inch tablet at $199.
Apple is indicated for a higher open Friday.
Sources said that shipments of the popular iPad mini will drop 13 million to 15 million units in calendar Q1 and 10 million to 12 million in Q2. Digitimes previously estimated a 20 to 30 percent drop in shipments in Apple's current quarter due to softening demand.
The estimates come as Samsung is unleashing its Galaxy Note 8.0 tablet. Priced at $399, the Note 8.0 is expected to pose strong competition for the iPad mini.
Samsung is also trimming prices on its other devices, cutting the cost of its Galaxy S III smartphone by $100 while offering the Galaxy Tab 2 7-inch tablet at $199.
Apple is indicated for a higher open Friday.
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