“In a report issues to investors this week, JPMorgan Chase & Co. indicated that Apple has cut fourth-quarter iPad orders from its overseas supply chain by 25 percent, according to Bloomberg,” Sam Oliver reports for AppleInsider. “Sources in the supply chain said the cut was enacted in the last two weeks, and it is the first such one from Apple they have ever seen.”
“The claims from JPMorgan come as a separate report from DigiTimes also made mention of a ‘slowdown in global demand’ prompting Apple to follow a market shift toward lower prices,” Oliver reports. “It cited ‘market rumors’ in claiming Apple plans to cut the price of the iPad 2.”
Oliver reports, “JPMorgan analyst Mark Moskowitz said in a note to investors earlier this month that Apple already has prototypes for a third-generation iPad in its supply chain. But he doesn’t expect Appel to introduce such a model before 2012, as competitors have struggled to gain traction against the iPad.”
Read more in the full article here.
MacDailyNews Take: Cough – bullshit – cough. Please see related article: There are no iPad cuts; some production has moved to Brazil
– September 26, 2011
[Thanks to MacDailyNews Reader “Edward Weber” for the heads up.]
Related articles:
Foxconn begins Apple iPad assembly in Brazil – September 14, 2011
Brazil’s president slashes taxes to lure iPad production jobs – May 18, 2011
Foxconn to assemble Apple iPhones and iPads in Brazil; Mac production a future possibility – May 3, 2011