Apple Rearranges iPad Orders
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.