Wednesday, February 23, 2011

Apple (NASDAQ:AAPL) iPad Not Behind Schedule Says Source

Apple Inc is expected to launch its new iPad on March 2, contrary to speculation of a delay of the latest version of the popular tablet computer.

One person familiar with the matter said recent speculation about a delay until June was "simply not true" as Apple is planning a launch in the same seasonal schedule as the first iPad, which went on sale in April 2010.

Apple will host an event on March 2, where the company is expected to take the wraps off the newest iPad model, an individual with knowledge of the situation said. Apple declined to comment.

Shares of Apple fell 3 percent after a Taiwanese brokerage firm said the next version of the iPad tablet computer will be delayed as maker Hon Hai faces production bottlenecks due to the device's new design.

But analysts quickly downplayed the report, noting that Apple has been reliable when it comes to its release schedule.



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