In a report issues to investors this week, JPMorgan Chase & Co. indicated that Apple has cut fourth-quarter iPad orders from its overseas supply chain by 25 percent, according to Bloomberg. Sources in the supply chain said the cut was enacted in the last two weeks, and it is the first such one from Apple they have ever seen.
Boldfaced emphasis added by me.
If this is true, the shit just got serious with a capital-S.
June 1, 2011: Is It #Doom #WASF Yet?
It’s when Apple announces sales actually went down for all of its products for one quarter. And then for a second quarter.
That is when you know we are in Doom We Are So Fucked land.
But a cut in iPad production is very significant. I think even more than the iPhone, the iPad represents Apple now. It’s their post-PC flagship model. And if demand is lessening, that’s just not a good sign at all — for any of us.