“The drop is largely due to the growing popularity of the iPad mini as well as to increasing demand for low-priced tablets. Additionally, January is traditionally a slow period for panel shipments,” Rebecca Kuo and Alex Wolfgram report for Digitimes. “The 90% on-month drop was a major contributing factor to LG Display’s overall performance in January, but the company is expected to see a rebound in its panel shipments for the 9.7-inch iPad during the second quarter due to an expected release of Apple’s next-generation iPad in the third quarter, the sources noted.”
“LG is still currently shipping 3.5-4 million panels a month for the iPad mini, but that amount made up most of the company’s five million panel shipments during January 2013,” Rebecca Kuo and Alex Wolfgram report.
Now watch the fall in Apple stock price.
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