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  • Gene Munster: iPad 2 Component Delays Likely Through June


    Piper Jaffray analyst Gene Munster says the recent tragic events in Japan will likely impact iPad 2 component production well into the June 2011 quarter. As a result, product shortage of the iPad 2 and even the iPhone 4 are likely to continue for the foreseeable future, although Munster hints that fears over looming supply shortages have been vastly blown out of proportion, particularly with regard to shortages negatively impacting Apple's stock. "Demand is stronger than ever, which should move shares higher," Munster cautions.

    While Munster says his sources confirm that Apple's Japanese-based component suppliers are in a veritable state of trauma where production status changes almost by the hour, Apple's new strategic component purchasing deals should help to pick up the production slack in this particular instance. "This strategy has proven to be an effective way for Apple to leverage its balance sheet and its position as one of the largest buyers of many of the components it uses," Munster said. "Moreover, this strategy may prove particularly helpful if supply is limited and pricing increases. Finally, we believe Apple buys futures on important components, which will help offset near-term pricing swings. Our conclusion is that Apple is well positioned to suffer proportionally less than its competitors."

    There was no talk of component production shortages impacting iPhone 5 production. Additionally, Munster predicts that the Japanese disaster will negatively setback this quarter's revenue for Apple by less than 1%. Through it all, he maintains his hefty $483 price target on shares of Apple. At 12:00 pm EST Thursday, shares of Apple were trading $338.67.

    Source: SFGate
    This article was originally published in forum thread: Gene Munster: iPad 2 Component Delays Likely Through June started by Michael Essany View original post
    Comments 32 Comments
    1. z3r01's Avatar
      z3r01 -
      Hugs his iPad 2 but sad about japan...but isn't this made in china?
    1. iPittsburgh's Avatar
      iPittsburgh -
      Better get stock now, while it's "low".
    1. jdm.accord's Avatar
      jdm.accord -
      Munster is a joke. I can't believe 1) that he still has a job he's been wrong so many times and 2) that the writers here continue to post the crap his worthless brain comes up with. Seriously.
    1. ifabian's Avatar
      ifabian -
      not made in china?why jap
    1. ventodivino's Avatar
      ventodivino -
      glad i got an ipad 2 before they came in a radioactive edition.

      Mod edit: Your statement does not make you look good you know... very bad choice of words... I am sure you could have came up with a better statement.
    1. thetoothfairy's Avatar
      thetoothfairy -
      Until I get a email from Apple stating the delay then I will be sad...
    1. Adam3882's Avatar
      Adam3882 -
      Apple products are assembled in china with components from Japanese-based suppliers. That's why production is affected.
    1. iFiend's Avatar
      iFiend -
      Quote Originally Posted by ventodivino View Post
      glad i got an ipad 2 before they came in a radioactive edition.
      Poor taste man
    1. madczech's Avatar
      madczech -
      Quote Originally Posted by ventodivino View Post
      glad i got an ipad 2 before they came in a radioactive edition.
      Dude just not appropriate
    1. sammo123's Avatar
      sammo123 -
      Glad i stood in the line to get mine, some people under estimate the demand for apples products
    1. ODB25's Avatar
      ODB25 -
      At this point I wonder if Apple cares about what's going on in Jap cus of the tragedy or cus of the bottom line, could it be both?
    1. Bogusman63's Avatar
      Bogusman63 -
      Re:radioactive iPad . Modmyi and others just a little to PC
    1. The6uest's Avatar
      The6uest -
      Does anyone know if Best Buy has received any more shipments of the iPad 2 since Friday? Any ETA on when more will arrive in stores that are sold out? I reserved one from BB so I'm curious as to when they may get more.
    1. z3r01's Avatar
      z3r01 -
      Quote Originally Posted by The6uest View Post
      Does anyone know if Best Buy has received any more shipments of the iPad 2 since Friday? Any ETA on when more will arrive in stores that are sold out? I reserved one from BB so I'm curious as to when they may get more.
      Best buy reserved them? That's new to me
    1. sammo123's Avatar
      sammo123 -
      Quote Originally Posted by ventodivino View Post
      glad i got an ipad 2 before they came in a radioactive edition.

      Mod edit: Your statement does not make you look good you know... very bad choice of words... I am sure you could have came up with a better statement.
      your an *******
    1. johnr9412's Avatar
      johnr9412 -
      I hope this doesn't effect iPhone 5!
      But my heart sincerely goes out to those effected in japan by the quakes.
    1. SergeantMAC's Avatar
      SergeantMAC -
      You guys are too sensitive. Compassion is one thing but really? Lemme guess California liberals? Awesome. Freedom of speech is wonderful huh.
    1. The6uest's Avatar
      The6uest -
      Quote Originally Posted by z3r01 View Post
      Best buy reserved them? That's new to me
      No, they didn't reserve any, they are TAKING reservations for when they do get more in. That means the people who reserved one will get it before those waiting in the store.
    1. norfskate's Avatar
      norfskate -
      Freedom of speech is one thing,

      Being a **** is another.
    1. z3r01's Avatar
      z3r01 -
      Ok gents let's not take this further. I don't want everyone to overreact