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Apple's iPad 2 Reportedly on Schedule

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Earlier this afternoon, a Taiwanese brokerage reported that Apple's second-generation iPad will likely be subjected to a delay. The note, written by Yuanta's head of downstream tech equities Vincent Chen, stated that component manufacturers hit a snag when Apple changed the production design at the start of February.

"Our checks suggest new issues are being encountered with the new production process and it is taking time to resolve them," Chen wrote. The production delay put the release of the new tablet device some time in June and reduced the broker's estimate of shipped units from 30.6 million to 23 million.

But Barclays Capital analyst Ben Reitzes doesn't buy it. According to Reuters and Forbes, both Reitzes and an anonymous source familiar with the matter believe that the June iPad 2 release is "simply not true."

Reitzes claims that manufacturer Hon Hai "set up its new production lines with assembly training and component sourcing in Chengdu this March." He expects iPad 2 shipments to begin early April -- beginning with two million units.

Apple shares are still feeling the effects of the note -- dropped as much as 3.6%. So for anyone who shorted the stock, thank Vincent Chen.
POSITION:  No positions in stocks mentioned.