Current production of the iPad 2 is remaining high at 14-15 million units in Q4 2011, but will be reduced to 4-5 million in the first quarter of 2012 so that the inventory is cleared up.
Meanwhile, Foxconn Electronics will begin to produce the next-generation iPads in January and to ramp up the production volume starting February, according to a Chinese-language Commercial Times report, which quoted Kevin Chang, an analyst of Citigroup Global Markets, as indicating. Production of the new iPads is expected to reach 9.5-9.8 million units in the first quarter of 2012, estimated sources in the supply chain. Sales of iPad products totaled 25.06 million in the first three quarters of 2011 and are likely to reach 40 million units for all of 2011, the sources estimated.
The iPad 3 is expected to have a Retina display a faster A6 processor, improved front camera, Quad Core and slightly thicker.