Foxconn to ship Apple a massive 20M iPads this quarter - report
If Foxconn meets that estimate, it would represent 60 percent sequential growth in shipments, according to DigiTimes. iPad 2 orders are expected to be a major source of growth for the China-based operation, though Foxconn declined to comment on any specific clients.
To put the numbers in perspective, during its last fiscal quarter, Apple announced it had shipped a record 9.25 million iPad 2 units, which was a 183 percent increase over the year-ago quarter. Apple's figures represent the total number of units actually shipped, rather than the number of iPads built and supplied by Foxconn.
When the iPad 2 first launched this year, Apple could not meet demand as the company struggled to manufacture more units. Chief Operating Officer Tim Cook referred to Apple's effort to build more units as "the mother of all backlogs."
But as Apple and its overseas manufacturing partner Foxconn have apparently addressed those issues, shipments in the third quarter of calendar 2011 appear poised to skyrocket. As further evidence that Apple has overcome its supply woes, the company this week began selling refurbished iPad 2 units on its online store, at a discount of $50.
If Foxconn does ship Apple 20 million iPad 2 units this quarter, which concludes at the end of September, it would reach that milestone before the 2011 holiday buying season, when sales typically spike. For example, in the September quarter of last year, Apple sold 4.19 million first-generation iPad units, while sales rose to 7.33 million units in the holiday quarter concluding in December.
Apple's surging iPad sales continue as its competitors have failed to replicate the company's success in the touchscreen tablet market. Most recently, Hewlett-Packard opted to discontinue its TouchPad after just six weeks on the market due to poor sales.
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Apple's overseas manufacturing partner Foxconn is reportedly expected to ship an enormous 20 million iPad 2 units to Apple in this quarter, setting the company up to once again break sales records.
That's another 8 billion in the bank, that should push AAPL to about $420 p/s eh?
That's another 8 billion in the bank, that should push AAPL to about $420 p/s eh?
I can't see how it could add that much to the bank, maybe a quarter of that, still when HP just exited left, impressive amount of iPads
I think I may hold off, wait until there is a glut, then pick up some iPads when apple discounts them to $99. /s
That's another 8 billion in the bank, that should push AAPL to about $420 p/s eh?
... and if Apple only ships 19.5 million units then the analysts will say that Apple didn't meet expectations and shave 6 - 10% from the value. \
Still, this is one of the RARE instances of positive news for Apple . . . in a sea of negativity since Steve's resignation. Happy to see it, no matter how far off it really might be.
that is 10.75 million more than last Q. Assuming $650 ASP, that is an additional $7 billion in revenue.
In terms of EPS -
7 billion * .40 (marign) = 2.8 billion operating profit.
2.8 billion * .755 (tax rate last Q was .245) = 2.11 billion profit.
2.11 billion / 938 million shares = 2.25 per share.
If everything remains equal relative to last Q, EPS will be 7.79 + 2.25 = 10.04.
the WS shsysters know this but will do everything to divert attention and keep manipulating the stock each week.