iPad Delayed Until April?
Everybody hears rumors, but the guys who manage other people's money have more to gain by getting things right, and much, much more to lose when they get things wrong. A blogger can always say "hey, ya win some, ya lose some," but a financial analyst can lose his or her job. So when someone like Peter Misek, an analyst at Canaccord Adams, says he has heard rumblings that production problems may delay the iPad, it's worth hearing out.
In a research note this morning reported by the Wall Street Journal's Digital Daily blogger John Paczkowski
, he told his clients he had "heard that the upcoming iPad launch may be somewhat limited as a manufacturing bottleneck has impacted production of Apple’s newest device." Without specifying the problem, Misek claims that he's heard that something's up at Hon Hai Precision Industry Co., Ltd. (better known as Foxconn). The world's largest manufacturer of electronics and computer components, Foxconn is the source of the iPhone, the iPod, the Mac mini, and now the iPad. Misek says his sources tell him the problem will mean no more than 300,000 iPads will be available by the end of March, which is far below Apple's estimate of a million iPads ready to ship this month. He also indicated that the launch date will be pushed back into April, and that the device will likely only be available in the US to begin with.
Saying that he thinks "that the only material impact from the iPad delay could come in the form of frustrated consumers and some modest loss of lustre for the company’s product launch,” Misek says he still thinks Apple will sell 550,000 iPads by June, 1.2 million in the 2010 and 3.5 million in 2011.
This could be the reason what the iPad didn't go on sale last week as we had hoped
, but there's no real way of knowing that yet...