The initial week of availability saw the inventory of the new iPad of Apple (NASDAQ:AAPL) go down dramatically and has resulted to a long wait for consumers who were not able to purchase the device earlier. The waiting time for the new iPad is reportedly from one to two weeks. However it appears that this two-week delay in the delivery of the new iPad to its owners may improve in the second quarter since production of the device will be increased by Foxconn to allow it to deliver around twelve to fifteen million units for the quarter.
According to projections within the industry only six million units of the new iPad were delivered by Foxconn in the first quarter of the year. Wintek and TPK Holding, the suppliers of the touch module for the iPad, will reportedly increase production by around thirty percent for the second quarter to allow it to deliver around ten million more panels compared to the number that was delivered by the companies in the first quarter.
However the report has also indicated that if the supply of the new iPad will go beyond the demand for the device, the manufacturers of the touch panel may be compelled to reduce its delivery goals dye to an oversupply of the component.
This will indicate that the inventory of the new iPad will be sufficient enough for the next few months. With this increased supply of the device, the delivery schedule may be reduced from around two weeks to a few days.
In comparison to the supply of the new iPad, the first two versions of the device took several months after the two devices were released into the market before the supply was able to catch up with the demand for the device. After two years the company has finally able to meet the demand for the devices that it has offered into the market.