JPMorgan Report: Apple Cut iPad Supply Chain Orders
Possibly due to weakening demand
Apple is cutting down on orders to vendors in the iPad supply chain, analysts from JPMorgan Chase & Co. in Hong Kong said in a report yesterday. According to their findings, several vendors said over the past two weeks that the computer manufacturer had lowered fourth-quarter iPad orders by 25 percent—the first such cut that the report’s authors had ever seen, said Bloomberg News.
For iPad parts vendors like China’s Hon Hai Precision Industry Co. (the report doesn’t actually list specific companies), the reduced orders could mean a drop from 17 million units in the third quarter to 13 million units in the fourth quarter.
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