Is iPad Mini Set For September Launch?
Apple’s (NASDAQ:AAPL) rumored iPad Mini could launch before the end of September, arriving right after the new iPhone’s debut and alongside an upgrade of the third-generation iPad, according to KGI Securities analyst Ming-Chi Kuo. The analyst, who is forecasting new entries in most of the company’s product lines, is said to have access to Apple’s supply chain.
In a note to investors on Tuesday, Kuo said the smaller iPad model, which Apple is yet to say anything about, is likely to see an announcement in September following a rise in manufacturing pace in August. Kuo predicts a strong performance for the device in the holiday quarter, estimating sales of over 13 million units. The analyst adds that expected upgrades to the third-generation iPad will not simply be aesthetic, but will shear component costs and improve thermal performance.
Kuo, who predicts a next-generation iPhone in early September, says the smartphone will not see a big jump in shipments during its launch quarter due to limited component availability, short on-sale time, and a backlog of consumers. However, there will be huge gains in the holiday quarter. Kuo predicts iPhone sales to hit 55 million in the fourth quarter of the year and iPad product line sales reaching 24 million. The analyst also expects redesigned iPod touch and iPod nano devices this year.