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iPad, iPhone demand weakening, but two new iPad mini models could launch this year, says analyst

Ashleigh Allsopp | March 8, 2013
Citi analyst Glen Yeung thinks iPad mini is 'undoubtably' cannibalising 10in iPad, and that Apple may be planning to launch two new iPad mini models.

In Janurary, a similar panic situation sparked by a Wall Street Journal report caused Apple's share price to plummet below $500 amid fears that the company had cut its iPhone 5 component orders in half. This report was later described as "flawed" and was accused of stock manipulation.

Apple reported record iPad and iPhone sales for the December quarter of 2012, with sales growth strong in all regions, but particularly in Greater China, where sales doubled year-over-year.

 

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