Apple cuts iPad component orders by 25 percent

Posted on Monday, September 26 2011 @ 21:33 CEST by Thomas De Maesschalck
JPMorgan claims Apple is cutting orders from iPad parts vendors by 25 percent:
The orders were for iPads to be constructed in the fourth quarter, which includes the holiday season, according to the Sunday report. Apple reportedly has been making the cuts, which mostly affect its Asian partners, over the last two weeks.

Reduced orders could reflect a strategy by Cupertino-based Apple to operate with reduced inventory, Wanli Wang, an industry analyst at RBS Asia, told Bloomberg News. "It's back to reality," Wang said. "Now it seems even for Apple, due to the market situation, we need to be conservative."

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