“Apple has reportedly cut its shipments of the iPad mini to between 10-12 million units for the second quarter of 2013, according to industry sources,” Julian Ho and Alex Wolfgram report for DigiTimes.
“The decrease may be as high as 20% on month during April, the sources noted,” Wolfgram report. “Apple’s cut comes as it is adjusting its reserves for the next-generation iPad mini, which is likely to be released in the third quarter, added the sources. However, the sources also noted that Apple’s cut is because of increased competition from various 7-inch Android tablets.”
Read more in the full article here.
MacDailyNews Take: These unnamed “sources” who claim “that Apple’s cut is because of increased competition from various 7-inch Android tablets,” they don’t by chance happen to work at Apple’s competitors and/or are shorting AAPL, right?