iPad Mini Shipments to Drop 20-30% in Q2 2013?
A new report from DigiTimes says iPad mini shipments are expected to drop 20-30% in the second quarter of 2013 due to a drop in demand.
The lacking demand stems from consumers waiting for the release of the next generation iPad mini, said the sources. Apple has also recently adjusted its reserves for the current iPad mini, which are estimated to be between 10-12 million during the quarter, down from approximately 15 million in the first quarter of the year.
LG Display is reportedly expecting to ship 3.5 million panels for both iPad and iPad mini models in April 2013, down from 5 million panels in the previous month. Furthermore, that number is expected to drop down to 3 million panels for May and June.
Apple is still aiming to ship 55 million iPad minis in 2013, according to the site's source.