S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Consumer Electronics

Apple Rearranges iPad Orders

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Ipad mini in hand
courtesy of Apple Inc.
Original 2013 production levels for the iPad and iPad mini from Apple Inc. (NASDAQ: AAPL) totaled about 60 million iPads and 40 million iPad minis. The company is now altering its shipping estimates for the two products to a projected 33 million iPads and 55 million iPad minis, according to a report from Taiwan’s Digitimes citing industry sources.

The shift in balance between the two devices and the overall drop in estimated shipments may be further bad news for the Cupertino company. The change could tip revenue estimates for Apple down sharply.

The company’s supply chain could also feel some pressure. Panel makers for the iPad could take a hit, while panel makers for the iPad mini could see a boost in orders and revenue. LG Display Co. Ltd. (NYSE: LPL) makes the larger screens for the iPad and AU Optronics Corp. (NYSE: AUO) supplies screens for the iPad mini. Suppliers of backlighting units are also likely to experience changes in orders from Apple.

Apple shares are down about 0.3% in premarket trading, at $424.50 in a 52-week range of $419.00 to $705.07.

Shares of LG Display are inactive in the premarket, having closed at $14.22 last night in a 52-week range of $8.41 to $16.80.

Shares of AU Optronics are also inactive, having closed last night at $4.39 in a 52-week range of $2.70 to $5.49.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Fed’s Rate Freeze Could Sting for Social Security Recipients
Maurie Backman |

Fed’s Rate Freeze Could Sting for Social Security Recipients
'Convert $100,000 a Year to Get Them to the Top of the 22%': The Roth Plan for a Couple With $2.3M in 401(k)s
Jeremy Phillips |

'Convert $100,000 a Year to Get Them to the Top of the 22%': The Roth Plan for a Couple With $2.3M in 401(k)s

Continue Reading

Paul Ausick |

100 Million iPads Possible in 2013

courtesy of Apple Inc.Apple Inc. (NASDAQ: AAPL) has its sights set on shipping 100 million iPads in 2013 according to…
Paul Ausick |

Tablet Growth Changing Supply Strategies

courtesy of AppleIn 2012, shipments of tablet devices is expected to rise by 75% while shipments of notebook PCs are…
Paul Ausick |

Apple Reported to Cut Parts Orders for iPhone

courtesy of Apple Inc.A reduction in orders for display screens could mean that sales of the iPhone 5 from Apple…
Douglas A. McIntyre |

Apple iPad Launch Details

JoeInQueens, via Wikimedia CommonsApple (NASDAQ: AAPL) will likely announce the release of its new iPad on October 22 at a…
Jon C. Ogg |

Investors Wonder If Apple Has Matured Too Much

Many people have tried and tried, unsuccessfully to date, to call the peak of Apple Inc. (NASDAQ: AAPL). We will…
Is New Amazon Fire HD 8 Tablet Stealing Some of Apple’s Thunder?
Paul Ausick |

Is New Amazon Fire HD 8 Tablet Stealing Some of Apple’s Thunder?

Amazon.com announced an all-new version of its Fire HD tablet Thursday morning that may be as impressive the new iPhone…
Paul Ausick |

ReneSola Delivers More Bad News

ReneSola Ltd. (NYSE: SOL) reported third-quarter 2012 results before markets opened this morning. The solar PV maker reported a diluted…
Trey Thoelcke |

Rumor: Apple Orders 10 Million iPad Minis

According to The Wall Street Journal, component makers in Asia say they have received orders for more than 10 million…
What’s Up With Apple: New Products and Maybe More New Products
Paul Ausick |

What’s Up With Apple: New Products and Maybe More New Products

Apple introduced its new iPhone, iPad and Apple Watch products on Tuesday. More may be on the way by next…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618