• Apple Manufacturer Sees Weaker Demand for the iPad Mini This Quarter

    One of Apple’s contract manufacturers, Pegatron, recently said that its second quarter consumer electronics revenue will drop 25% to 30% from the previous quarter. The decline in revenue is from iPad mini production is “more on demand, while price has been stable,” but CEO Jason Cheng also noted that “almost every item is moving in a negative direction” for the quarter. “Not just tablets, also e-books and game consoles.” Bloomberg mentioned the following in their report:

    The iPad Mini accounts for more than half of Pegatron’s consumer-electronics revenue, and the iPhone 4S contributes a majority of sales in the communications division, Cheng said.

    "This is a bigger drop than we’d expected," said Vincent Chen, who rates the company buy at Yuanta Financial Holding Co. in Taipei. "We’re seeing strong indications from the supply chain that demand for iPad Mini will now fall 20 percent to 30 percent from the first quarter, instead of an earlier 15 percent estimate."
    In the Cupertino California’s quarter results report, Apple issued guidance for expected revenue for the June quarter of $33.5 - $35.5 billion, a drop in revenue of some 20% from the prior quarter. Reports are now indicating that mass production of the display for a Retina iPad mini should begin in June or July for a planned release well into the third calendar quarter of 2013.

    Source: Bloomberg
    This article was originally published in forum thread: Apple Manufacturer Sees Weaker Demand for the iPad Mini This Quarter started by Akshay Masand View original post
    Comments 7 Comments
    1. redwolf's Avatar
      redwolf -
      too expensive for this type of tablet
    1. Chase Hainey's Avatar
      Chase Hainey -
      People are waiting on the retina display version. I know I am.
    1. clive.weller's Avatar
      clive.weller -
      Apple are losing it bit by bit- Shame, but it's their own fault.
    1. Silverado1987's Avatar
      Silverado1987 -
      Quote Originally Posted by clive.weller View Post
      Apple are losing it bit by bit- Shame, but it's their own fault.
      I don't think their losing anything. There giving people variety. A lot of us want latest and greatest every second it comes out and a lot of people don't care. It's about money to them. If you wanna go as far as their ui that's a different story lol
    1. tridley68's Avatar
      tridley68 -
      Quote Originally Posted by redwolf View Post
      too expensive for this type of tablet
      My I pad mini was the best purchase since getting my I phone 5 it is the perfect size only wish it had retina display
    1. thetoothfairy's Avatar
      thetoothfairy -
      I rather buy a bigger iPhone than have a iPad mini and a small iPhone. Love the sizes of other phones out there. I like the size of my iPad. I am disappointed with Apple myself and I feel their falling behind.
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      I hope they release both a big and a 4" version of the next iPhone. With a bigger iPhone I don't know if I'll be able to text and drive.

      Lol. I'm just kidding.
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