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03-17-2011, 11:06 AM #1
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.
03-17-2011, 11:15 AM #2
Hugs his iPad 2 but sad about japan...but isn't this made in china?
03-17-2011, 11:16 AM #3
Better get stock now, while it's "low".
03-17-2011, 11:22 AM #4
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.
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03-17-2011, 11:24 AM #5
03-17-2011, 11:26 AM #6
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.
Last edited by thetoothfairy; 03-17-2011 at 12:30 PM. Reason: mod edit
03-17-2011, 11:47 AM #7
Until I get a email from Apple stating the delay then I will be sad...
03-17-2011, 12:01 PM #8
Apple products are assembled in china with components from Japanese-based suppliers. That's why production is affected.
Last edited by Adam3882; 03-17-2011 at 12:06 PM.
03-17-2011, 12:04 PM #9
03-17-2011, 12:22 PM #10
03-17-2011, 12:22 PM #11
Glad i stood in the line to get mine, some people under estimate the demand for apples productsRIP Steve Jobs.. You changed the world
03-17-2011, 12:26 PM #12
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?
03-17-2011, 12:49 PM #13
Re:radioactive iPad . Modmyi and others just a little to PC
03-17-2011, 12:49 PM #14
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.
03-17-2011, 01:00 PM #15
03-17-2011, 01:01 PM #16
03-17-2011, 01:42 PM #17
I hope this doesn't effect iPhone 5!
But my heart sincerely goes out to those effected in japan by the quakes.my SPOON is too big
03-17-2011, 01:47 PM #18
You guys are too sensitive. Compassion is one thing but really? Lemme guess California liberals? Awesome. Freedom of speech is wonderful huh.
03-17-2011, 01:52 PM #19
03-17-2011, 02:09 PM #20
Freedom of speech is one thing,
Being a **** is another.