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Apple (Nasdaq: AAPL) shares are ticking higher in early trading amid reports it might see a nice boost in iPad mini demand through the end of the year.
According to Digitimes, Apple increased orders for the iPad mini by 25 percent to 10 million units, as demand for the tablet continues to be robust. Sources have said that total unit volume for the few months since the device debuted in late October/early November will be about 12 million units.
The number is significant in that it could come in 20 percent above Apple's own expectations. The Curpertino, CA-based electronics and media giant had loose predictions of 10 million units being shipped in 2012, adjusting that to about 6 million to 8 million units as component yields waned.
Sources noted that yields have markedly improved and shipments have already surpassed 8 million units.
Upstream manufacturers supplied about 4 million to 4.5 million components in October and November, with the same volume expected in December.
No word on expectations for demand or shipments moving into the first-quarter of calendar 2013.
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