Analyst Shaw Wu of Sterne Agee “has increased his iPhone forecast to 47.5 million for the holiday quarter, up from a previous prediction of 47.3 million,” Hughes reports. “As for the iPad, Wu has reduced his projected sales from 25 million to 23.5 million.”
Hughes reports, “Wu has cut his iPad sales projection because of continued constraints on iPad mini supply, and lower build orders for the fourth-generation iPad. Sales of the full-size 9.7-inch iPad may be slower than expected, Wu said, because of some cannibalization from the smaller and less expensive iPad mini.”
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