Tuesday, September 27, 2011

Apple slashing iPad orders...

According to Bloomberg, JPMorgan Chase & Co. filed a report claiming that Apple is slashing holiday orders for iPad components by 25%. The move would decrease the number of manufactured units from 17 million in the third quarter to 13 million for the end of the year.

Bloomberg reports that the information comes from several supply-chain vendors and that it marks the first time analysts have seen Apple make a cut of this magnitude. The affected companies, however, were not mentioned.

Despite the slash, JPMorgan isn't planning on lowering projections for the third and fourth quarters, which stands between 10.9 million and 12 million units shipped.

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