Monday September 26, 2011

Apple Stock Falls on Report of iPad Supply Slowdown

It looks as though Apple's stock has dropped after reports surfaced that the company is cutting iPad orders by 25%.

Apple Inc shares fell as much as 3.3 percent Monday following an analyst report that said the company was cutting orders from suppliers of parts for its iPad tablet. JPMorgan Chase said in the research note out of Asia that several suppliers indicated in the past two weeks that Apple lowered fourth-quarter iPad orders by 25 percent.