updated 04:25 pm EST, Tue March 9, 2010
Analyst dismisses talk of production delays
Apple should be able to churn out approximately 5 million iPads in the first half of the year, claims FBR Capital analyst Craig Berger. The number is higher than what some analysts have said Apple will sell in all of 2010, and is based on a dismissal of claims that the company is experiencing production setbacks. "We believe various news articles and competitor notes calling for a build delay were just false alarms," says Berger. At least one report has suggested that the delay to April 3rd is based on software issues.
Companies involved in supplying parts for the iPad may include Infineon, Skyworks, Triquint, Broadcom and Texas Instruments. Broadcom would benefit in particular, argues Berger. The company produces a variety of embedded chips, such as wireless receivers.
The analyst has meanwhile altered his March-quarter build predictions for Macs, iPods and iPhones. iPod numbers have been shifted the most dramatically, from 4 to 9.3 million. Some 1 million desktop Macs are now expected, double an earlier forecast, while notebook figures have been raised from 1 to 1.7 million. iPhone numbers have been cut from 7.5 to 6 million, based on the belief that Apple wants to clear out inventory.
Berger cautions that shifts in production do not necessarily match sales, as they can be tied not only to inventory but to new product rollouts and seasonal matters. Q2 production estimates, for instance, currently include 7.3 million iPhones, 7.2 million iPods, 500,000 notebooks and 100,000 desktops.
Apple stock is presently trading at some of its highest levels ever, around $223 as of Tuesday afternoon. In the depths of the recent recession, the stock was trading for less than $80.