Apple Inc’s shipments of a new version of its iPad tablet computer may be delayed to June from April because of “production bottlenecks” at manufacturer Hon Hai Precision Industry Co (鴻海精密), Yuanta Securities Co (元大證券) said.
The delay arose after Cupertino, California-based Apple made design changes before the Lunar New Year, according to a report by Vincent Chen (陳豊丰) and Alison Chen (陳宇笙), analysts at Yuanta. Jill Tan (陳玉麗), an Apple spokeswoman in Hong Kong, declined to comment on the report. Edmund Ding (丁祈安), a spokesman for Hon Hai, didn’t answer calls to his Taiwan and China cellphones.
“Our checks suggest new issues are being encountered with the new production and it is taking time to resolve them,” Chen said in the report. “As a number of Android 3.0 tablets are being launched in April and May, the delay in iPad 2 shipments may give the Android camp a brief window of opportunity.”
Shares of Hon Hai, a Taipei-based contract manufacturer for Apple, dropped 2.2 percent to NT$111.50 at the close of Taipei trading, the lowest level since Dec. 2.
A two-month delay in introducing the iPad could lower the tablet computer’s shipments to 23 million units this year, as compared with the brokerage’s current forecast of 30.6 million, according to the report.
The iPad, introduced in April, accounted for 17 percent of sales last quarter. The company has sold more than 15 million iPads so far, Apple vice president Eddy Cue said on Feb 2.
The iPhone is Apple’s top-selling product, accounting for 39 percent of revenue last fiscal year.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
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