ThinkEquity analyst Rajesh Ghai issued a note to clients Thursday claiming that it is unlikely that Apple will face component shortages for the second-generation iPad, Barrons reports:
“Apple has already booked approximately 60% of the total available touch panel capacity. While some reports have stated that Apple will be facing component shortages for the iPad resulting from the Japanese earthquake, Hon Hai, Apple’s primary manufacturing source has stated that it does not expect any component shortages, and alternate suppliers have been lined up.”
Ghai maintains a Buy rating on Apple, while estimating $22.94 billion in revenue for the March quarter. According to the report, consensus estimates have come in at $23.2 billion in revenue.