In a note to clients, Morgan Stanley’s analyst Katy Huberty said that Apple recently doubled its monthly iPad builds to two million. This is probably the reason that expected ship days for Apple’s tablet dropped from 3-5 days to just 24 hours. This is great news but it looks like Apple has bigger plans. According to Huberty, the Cupertino company wants to increase production of iPads to 3 million per month. “Apple recently indicated to its suppliers a desire to move to 3 million per month in C4Q10. This implies a run rate of 36 million in CY11, close to the current 40 million supply chain forecast,” Huberty wrote.
During Apple’s financial results in July, Tim Cook, Apple COO, said that the iPad has already a big market. ”We want to take full advantage of it, and so we are investing enormous time and resources in increasing our capability in getting iPad out to as many people as we can,” Cook said. And it looks like Apple is doing exactly that.
Source: All Things Digital
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