iPad Mini Coming in September, Analyst Says
A 7-inch Apple iPad tablet, informally dubbed the iPad mini, will debut in September, according to a KGI Securities report.As new competitors, such as the Google Nexus 7 and Microsoft Slate, add to an already competitive tablet market, industry leader Apple will launch its long-rumored iPad mini sometime in September, according to a report from KGI Securities analyst Ming-Chi Kuo that was picked up on the Apple-centric blog MacRumors. As reported on the site, Apple will debut a 7-inch iPad tablet after a production ramp-up in August, and Kuo said he expects sales of just 1.8 million units in the third quarter, which will balloon to more than 13 million units in the following quarter, overtaking sales of the full-side iPad. Driven by sales of the iPad mini, Kuo predicted fourth quarter sales of iPad tablets would reach 24 million units. Apple controlled a nearly 63 percent share of the tablet market during the first quarter of this year, according to the NPD Group, and by many accounts is expected to hold on to at least 50 percent of the market through 2016. The analyst report also claimed Apple will be tweaking the internal components of the full size iPad to deal with heat dissipation issues and to reduce production costs, though the changes would be invisible to consumers.
Though shipments of iPad minis components will start in August, the new iPad line will end production, ready for transition to a modified New iPad line. As such, component shipments will drop in August as iPad minis components shipments growth will be offset, the report stated. On a side note, the modified New iPad shares the same exterior as the original model, but contains modifications to correct its thermal dissipation problem and lower-cost components.