has reportedly cancelled the launch of the 2 HD which resulted in 1,000,000 units that needed to be retooled, according to Peter Misek of Jefferies & Co.
Barrons reports that Mistek confirmed the scaleback on orders first mentioned by JPMorgan, “We have confirmed the build plans have been scaled back,” and cut estimates for Q4 to 12 million units from 13.6 million units.
Notably, Mistek predicts an earlier than expect launch of the in late January.
1)HD was canceled (~1M units retooled);
2) Sooner-than- expectedlaunch in late Jan;
3) Retail inventory caution due to potential demand slowdown;
4) Some production shift to Brazil. We see 29M iPads shipped in H2 vs. 14M in H1. We trim our 2011 global tablet forecast from 70M to 65M.
Read More [via Kyle]