Production of Apple’s third-generation iPad is about to get underway, according to Susquehanna Financial Group analyst Jeffrey Fidacaro.
Continue Reading Below
According to Fidacaro, Apple’s manufacturing partners have orders to build as many as 1 million iPad 3 tablets in the fourth quarter of this year, in line with an earlier note from the analyst’s colleague at Susquehanna, Christopher Caso. “Our checks indicate that iPad 3 has now shown up on AAPL’s production forecast for a late-4Q production start,” Caso wrote in a recent research note. “We believe 0.6 mln-1 mln units are forecasted for 4Q production.”
Last week, Ticonderoga Securities analyst Brian White said that Apple will unveil a new entry-level “iPad mini” in the first quarter of 2012. The new tablet will not necessarily be an iPad with a smaller form factor, White’s checks found, but rather a lower price tag likely in the mid to high-$200 range.
The analyst said Apple will then release a “feature rich standard-priced iPad 3″ in the second quarter next year.