logo
  Join        Login             Stock Quote

Apple (AAPL) iPhone 5, iPad Mini to Arrive in China Next Month Despite Production Issues

 November 30, 2012 10:59 AM
 


(By Balaseshan) Apple Inc.'s (NASDAQ: AAPL) best-selling iPhone 5, the iPad mini, and the fourth generation iPad is hitting the Chinese shore next month, despite production issues.

The Wi-Fi versions of the iPad mini and the fourth generation iPad with Retina display will be available in China on December 7, and the iPhone 5 will be available on December 14.

According to a report on Apple Insider, Piper Jaffray analyst Gene Munster and his team have conducted store checks and supply analysis at 100 Apple Stores in the U.S., and found the supply of AT&T and Verizon models of iPhone 5 has "significantly improved," while Sprint units remain readily available. (http://appleinsider.com/articles/12/11/21/apple-has-nearly-caught-up-with-demand-for-iphone-5)

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

Munster's checks of Apple's stores found "dramatic improvements in availability," as Tuesday night the AT&T model was available at 82 percent of stores and the Verizon model at 72 percent of stores. The Sprint iPhone 5 was also in stock at 92 percent of Apple Stores, according to Apple Insider.

In the U.S., Apple has sold over five million of the thinnest and lightest smartphone ever for the first weekend after the launch on September 21, breaking the previous record of four million held by iPhone 4S.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

Following the launch of the smartphone, The Wall Street Journal reported an executive saying the iPhone 5 is "the most difficult device that Foxconn has ever assembled. To make it light and thin, the design is very complicated."

Meanwhile, Apple said it has sold three million of its new iPad mini and fourth generation iPad for the first weekend after the launch on November 2, breaking the previous record of 1.5 million held by the third generation iPad.

Display panels of the new 7-inch tablet has reportedly suffered low yield rates due to mass production, and backlight module providers have also had a shortage of supplies, which is affecting the amount of iPad minis that can be shipped in 2012, according to a Digitimes report citing industry sources. (http://www.digitimes.com/news/a20121127PD207.html)

The sources told Digitimes that Apple is said to have set a ten million shipment target for the iPad mini for the fourth quarter of 2012, but might only reach six million during the period largely as a result of production delays at AUO.

Apple is predicted to reach its shipment target for the iPad mini during the first quarter of 2013, as parts providers in its supply chain are expected to increase their yields by then, the sources told Digitimes.

iPad mini and the new fourth generation iPad with Retina display are currently available in 42 countries, and iPhone 5 is available in 47 countries, including the US, Australia, Canada, France, Germany, Japan and the UK.

AAPL is trading down 0.35 percent at $587.13 on Friday. The stock has been trading between $377.68 and $705.07 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageOld Bank's New Breakout has Big Rally Potential

One of my favorite things to see in a long candidate is a pattern of beating Wall Street's earnings read on...

article imageIs The Stock Market's 5-Year Return A Useful Proxy For Valuation?

Tobin’s Q, a market-valuation metric, is back in the news, in part thanks to a widely read Bloomberg read on...

article image4 Dogs To Sell Immediately

Despite the chorus of analysts and investors calling for the long-awaited correction, the market is showing read on...

article imageThe Fed's Magical Mystery Tour

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.