Anyone holding off on buying an iPad mini because it doesn’t have a Retina display might not have to wait much longer. Topeka Capital analyst Brian White sent out a research note on Friday claiming that Apple (AAPL) plans to release both a fifth-generation iPad and a second-generation iPad mini this March. White said that unnamed sources at the Consumer Electronics Show indicated that “the iPad 5 is expected to be lighter and thinner than the iPad 4 that was released in October, while the form factor of the iPad mini should be similar to the first generation iPad mini that debuted in October.” White didn’t mention whether the new iPad mini would have an upgraded display, although previous rumors have indicated that Apple plans to use Retina displays supplied by AU Optronics for the next version of its 8-inch tablet.
Shares of Apple (AAPL) are down more than 20% in the past three months from highs in the $700 range. Despite guiding for a record holiday quarter, Wall Street continues to be split on Apple’s future. Some analysts expect the company’s success to continue while others have argued that “people overbelieved in Apple.” Rob Cihra of Evercore Partners thinks the company will report record sales on January 23rd when it posts its fourth quarter earnings results. More →
Despite a “soft” launch with few lines and seemingly abundant availability, China is going crazy for the iPad mini according Topeka Capital Markets analyst Brian White. His checks in China and Hong Kong reveal consumers are snapping up iPad minis at rapid rates, causing short supply, even with Apple (AAPL) opening two new retail stores in Hong Kong and three in China. White wrote in a research note on Friday that the iPad mini was sold-out at virtually all Apple Stores in both regions this week and is already more popular than the fourth-generation iPad thanks to the tablet’s smaller size and lower price.
A common issue often presents itself when Apple (AAPL) launches new products: it can’t build them fast enough. We’ve seen it time and time again, most recently when Apple launched the iPhone 5 and 150,000 dedicated factory workers still couldn’t keep up with demand. Now, a report has surfaced claiming that Apple’s manufacturing partners in the Far East can’t build units fast enough to keep pace with Apple’s iPad mini orders. More →
Apple’s (AAPL) recent iOS 6.0.2 release had one major purpose: to fix Wi-Fi connection issues. But according to TidBITs and many other iPhone 5 and iPad mini users on Apple’s discussion forums, the update is draining battery life quicker than usual. According to TidBIT’s Michael Cohen and Adam C. Engst, the issue may be related to the updated devices now working harder to scan for Wi-Fi access points. It’s unclear how widespread the battery drain issue is. BGR didn’t notice any unusual battery drainage on one of our iPhone 5s running iOS 6.0.2. This also isn’t the first time Apple’s iOS devices have suffered from battery issues after a software update, and likely won’t be the last.
Apple’s (AAPL) fourth-generation iPad broke the company’s annual release cycle and launched this past November alongside the iPad mini after its predecessor had just hit the market in March. According to a new report from RBC Capital Markets analyst Doug Freedman, Apple may also use the new accelerated launch schedule for its smaller slates. More →
Sales of Apple’s (AAPL) iPad mini tablet are expected to handily top other devices in the 7- to 8-inch category during the holiday quarter, and it looks like demand for Apple’s smaller slate will stay hot through the first quarter next year. Citing anonymous supply chain sources, Digitimes on Tuesday reports that Pegatron Technology, one of Apple’s key manufacturing partners, expects to see continued strong sales performance through Q1 2013 based on strong iPad mini orders from Apple. The report notes that Pegatron’s revenue grew 64% year-on-year in November thanks largely to its iPad mini contract, and Apple’s suppliers are expected to ship between 8 and 10 million iPad mini tablets by the end of 2012.
It has been widely reported that Apple’s (AAPL) iPad mini is cannibalizing sales of the company’s full-sized iPad. According to a new survey, however, nearly half of all recent iPad mini buyers are new to the platform, AppleInsider reported. The data comes from Katy Huberty of Morgan Stanley, who said that while the smaller tablet is clearly cannibalizing some sales of the larger iPad, concerns are “overblown.” The analyst’s opinion echoes previously statements shared by Apple CEO Tim Cook, revealing that the company does not “worry about cannibalization of our own product,” adding that “it’s much better for us to do that than for somebody else to do it.” Huberty also notes that the iPad mini is a “key demand driver” and has accounted for 34% of planned iPad purchases. More →
Apple (AAPL) sold 42.8 million iPad tablets into channels through the first three quarters of 2012 and the most recent estimates suggest the company could ship 26 million more iPads during the holiday quarter. If Apple does manage to hit that record, total iPad shipments on the year would reach 68.8 million units. As impressive as that would be, however, DisplaySearch analyst David Hsieh thinks 2013 iPad sales could climb as high as 100 million units as iPad mini demand explodes. More →
Yet another report suggests that the millions of people buying Apple’s (AAPL) new iPad mini tablet this holiday season will be kicking themselves next fall. Apple has historically left plenty of room to grow when launching new mobile devices and the same will seemingly hold true for its tiny tablet. Citing multiple unnamed sources in the Taiwan-based backlighting industry, Digitimes on Friday reports that Apple’s next iPad mini will feature a high-resolution display. Digitimes speculates that the new screen will sport a resolution of 2,058 x 1,536 pixels, yielding a pixel density of 326 ppi, though its sources did not provide any details regarding the specific panels Apple plans to use. The second-generation iPad mini will presumably hit the market next fall, however no reports have identified a firm launch time frame at this point.
Smaller tablets in the 7-inch range have been on the market for more than two years now, but it looks like it took Apple (AAPL) just one month to vault to the top of the category. Mobile advertising firm Millennial Media recently published the findings of a study pitting the iPad mini against Amazon’s (AMZN) popular Kindle Fire, which has been an extremely popular iPad alternative since it first launched last year. According to Millennial, iPad mini usage grew about 50% faster during early November than the Kindle Fire did immediately following its successful launch last year, as measured by ad impressions served by the firm’s network. More →
Apple (AAPL) is finally catching up to the overwhelming demand for its latest iPhone 5 according to analyst Shaw Wu from Sterne Agee. Wu says production of the iPhone 5 has increased from delays of two to four days to same day, meaning Apple can ship them to customers sooner. He has increased his forecast that Apple will sell 47.5 million iPhone 5s this quarter instead of the 46.5 million he had previously projected. More interesting, though, is his warning that the iPad mini is cannibalizing sales for the fourth-generation iPad. Wu’s lowered his expected sales forecast for the 9.7-inch tablet from 25 million this quarter to 23.5 million. Wu believes larger iPad sales will see a decline as consumers trend towards tablets with smaller form factors and 7-inch displays. Apple CEO Tim Cook has said before that he’s not worried about product cannibalization as long as it’s within the company and not by a competitor.
Either Apple’s (AAPL) reservation-only system works better than anyone could have expected, or consumers in China have little interest in the company’s new iPad mini. Apple’s tiny tablet launched on schedule on Friday but according to IDG News Service, the turnout for Apple’s new slate was minimal. At Apple’s new flagship store in the well-trafficked Wangfujing district in Beijing, for example, turnout was “nearly nonexistent” according to the report, with no lines forming at all on Friday. More →