iPad supply concerns may be overblown

Advertisement
By Reuters | Updated: 5 June 2012 17:02 IST
Highlights
  • Analysts say concerns over the sharper screens used in the new iPad were unfounded, as Apple suppliers have ramped up production for the new display.
Supply concerns over Apple Inc's new iPad are "overblown", Jefferies said in a note, adding that the company is expected to produce 12-15 million tablets this quarter.

The third generation iPad sports a crisper display, dubbed the Retina Display, and some industry commentators and technology blogs have said the company could face a supply crunch for these displays in the near term.

Jefferies analyst Peter Misek, however, said industry concerns over the sharper screens used in the new iPad were unfounded, as Apple suppliers have ramped up production for the new display.

"Despite widespread concerns, we believe there will be enough screens for the new iPads," said Misek, who raised his price target on Apple stock to $699.

Apple shares were trading up $5 in premarket trading on Tuesday, after closing at a life high of $552 on Monday on the Nasdaq.

The stock's intrinsic value, according to StarMine, is $668.50. On its Intrinsic Valuation model, StarMine adjusts for the usually optimistic bias in analysts' EPS forecasts, and uses the resulting growth rate and dividends to determine the valuation.

The new iPad was unveiled on March 7, marked by the usual fanfare associated with Apple product launches. On Monday, Piper Jaffray analyst Gene Munster said Apple is likely to sell well over 1 million of the new iPads on the launch day itself with pre-orders completely booked.

Till date, Apple is estimated to have sold about 55 million of its tablets, with 15.43 million sold in the Oct-Dec 2011 period.

Jefferies' Misek, rated five stars by Thomson Reuters StarMine for the accuracy for his earnings estimates on Apple, also said the company would launch its widely speculated "iTV" television set later this year.

Misek said the company is expected to start full-scale production of the rumored "iTV" television by May or June for a fourth-quarter launch.

Apple currently sells the Apple TV -- a $99 device which connects to a TV set to stream shows and movies purchased on iTunes. In it's March 7 event, Apple had also announced a revamped version of the Apple TV.

Misek also raised his estimates for 2012 iPhone sales to 155 million units.

Copyright Thomson Reuters 2012

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: apple, ipad
Advertisement

Related Stories

Popular Mobile Brands
  1. Acer TravelLite TL24-54M With Intel Core Series 3 Chip Debuts in India
  2. Samsung Galaxy Z Fold 8 Ultra, Watch Ultra 2 Could Get Brighter Displays
  3. iPhone 18 Pro Rear Design, New Colourway Spotted in Drop Test Video
  4. Infinix Note Edge Review
  5. iPhone Ultra Dummy Image Offers Closer Look at Design and New Black Colour
  6. Samsung Galaxy S25 Ultra Available at 'Lowest Price of the Year' on Amazon
  7. Samsung Galaxy Z Fold 8 Ultra, Galaxy Z Fold 8 Camera Details Leaked
  8. OnePlus N6 With an 8,000mAh Battery Arrives in India at This Price
  9. OnePlus Announces Deals on These Products for Upcoming Prime Day Sale
  10. Here's How the Samsung Galaxy A27 5G Costs in India
  1. Xbox Has Reportedly Paused New Third-Party Game Pass Deals
  2. Samsung Galaxy Z Fold 8 Ultra to Get 50-Megapixel Ultrawide Camera, No Camera Upgrades for Galaxy Z Flip 8: Report
  3. iPhone 18 Pro Rear Design, New Colourway Spotted in Purported Drop Test Video
  4. Samsung Galaxy A27 5G Price in India Revealed Days After Launch: Key Specifications, Features
  5. Germany Takes Lead in Europe’s MiCA Crypto Licensing With 57 CASPs Ahead of Deadline
  6. Nothing Phone 4b's Key Specifications Spotted via Leaked Real-life Images, Could Feature 6,000mAh Battery
  7. Acer TravelLite TL24-54M Launched in India With Intel Core Series 3 Chip, 14-Inch Display: Price, Specifications
  8. Qualcomm Schedules Snapdragon Summit 2026 for September: Snapdragon 8 Elite Gen 6 Series Expected to Debut
  9. Bitcoin Price Slides to $59,500 as US Fed Signals, Strategy's Turnaround Plans Weigh on Sentiment
  10. State of Decay 3 Developer Undead Labs Reportedly Facing Closure Amidst Xbox Cuts
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.