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Apple Inc shares dipped 1 percent in early trading after an analyst said the
iPhone maker is cutting orders from suppliers of parts for its iPadtablet.
JPMorgan Chase said in the research note that several suppliers indicated in
the past two weeks that Apple lowered fourth-quarter iPad orders by 25
percent.
“Our understanding is that this is not in preparation for a new model
launch,” the analysts said.
The move could result in slower sales for suppliers like Hon Hai Precision
Industry Co.
Apple did not immediately reply to a request for comment.
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