Apple iPad has cut orders for production partners, Bloomberg reported, citing an investment report from JP Morgan Chase.
Apple has said in the fourth quarter to reduce shipping iPad by 25 percent, said Bloomberg, JP Morgan Chase per. Analysts at JP Morgan said that this is the first time they've seen from Apple iPad cut programs as a tablet which was introduced last year.
If Apple actually has cut shipments iPad for the fourth quarter will have a profound impact on many suppliers, including Hon Hai Precision. According to analysts, Bloomberg said, Hon Hai plans iPads 17 million in the fourth quarter of the ship, but now will only ship 13 million units.
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