IPad launch delay? Analyst says “bottleneck” impacting production
Might Apple fans have to wait another full month to get his or her hands on the company’s latest and greatest device, the iPad? It’s possible, according to Canaccord Adams analyst Peter Misek.
He said the iPad launch, currently expected in late March, may be “somewhat limited” by an unspecified “manufacturing bottleneck” at the device’s manufacturer, Hon Hai Precision. That could make the launch a U.S.-only event and limit available units to 300,000 in March–which might even prompt Apple to delay the debut until April, Misek said.
That sort of delay would not augur well for the so-called “third category” device, where the strength of consumer demand is still uncertain.
But shareholders didn’t seem spooked. Apple’s shares barely registered the news as they climbed more than 2 percent on Monday.
“We believe that the only material impact from the iPad delay could come in the form of frustrated consumers and some modest loss of lustre for the company’s product launch,” Misek wrote in a note to clients.