“We believe most of the manufacturing bottlenecks are now solved in the iPad supply chain even though memory continues to be a constraint,” the analyst said, according to the Associated Press.
Apple released the iPad on April 3rd, and delayed introduction into other markets until this Friday, May 28th, citing higher-than-expected demand. On Friday, the company will release the device in Australia, Canada, France, Italy, Japan, Spain and Switzerland, Germany, and the U.K.
AAPL traded lower Tuesday, closing at US$245.22, down $1.54 (-0.62%), on moderately strong volume of 37.2 million shares trading hands.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.