RBC: Apple ups Q4 iPad orders, adjusts build plans for Verizon iPhone
11/21/2010 01:42:00 AM
kenmouse
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Analyst Mike Abramsky at Investment Bank RBC Capital Markets has issued a note to investors detailing two key manufacturing changes regarding Apple hardware. According to the unconfirmed report, Apple recently increased Q4 manufacturing orders for its iPad ahead of the holidays. The adjustment will bring manufacturing totals to 40 million units, and Apple plans to have the same number of iPads built in 2011. Abramsky goes on to suggest that Apple has decreased the number of Verizon Wireless-compatible CDMA iPhone models it will order in 2011. As a result of the change, RBC has trimmed 33% from its 2011 Verizon iPhone sales projections — cutting its forecast from 30 million to 20 million.
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