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Barclays ‘Disagrees’ With Talk of Apple IPad Slowdown

Barclays ‘Disagrees’ With Talk of Apple IPad Shipment Slowdown

Barclays Capital said it didn’t agree with market “chatter” that Apple Inc. (AAPL) iPad shipments have been lowered and could be down 25 percent quarter-on- quarter.

“We believe iPad 2 shipments for the third and fourth quarters have not been cut,” analysts led by Kirk Yang wrote in a report dated yesterday, citing checks with component suppliers and assembler Hon Hai Precision Industry Co. They maintained a forecast for iPad 2 shipments to increase by 40 percent to 50 percent quarter-on-quarter in the fourth quarter.

“The numbers being circulated Monday might be related to components and not to actual iPad 2 shipments,” they wrote.