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The Apple (NASDAQ:AAPL) rumor mill is churning thanks to recent reports that troublesome iMac supply constraints have been resolved, and shipments of the iPad mini will reach approximately 11 million units this quarter. Another positive indicator that supply may finally be catching up to demand is the fact that iPad mini shipping times are now quoted at 3-5 business days.
Apple execs noted during their conference call that shipping times were severely constrained throughout the holiday quarter. If this rumor turns out to be true, supply and demand could be much better balanced by March.
For a point of reference, Apple sold 4.1 million Mac units last quarter for a total of $5.52 billion in revenue, a significant drop from the previous quarter’s sales of 5.2 million units, or $6.6 billion in revenue.
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