JP Morgan Chase Has Faith in Apple iPad Sales in Asian Markets

Seems like an argument is taking place at JP Morgan Chase Co. right now - the US based multinational banking corporation of investments, retail and securities.

Mark Moskowitz, an analyst in the firm has stated that the U.S wing of JP Morgan does not agree with the research conducted by his colleagues in Asia that highlighta slow down in Apple Inc.’s iPad orders. According to Moskowitz, Apple Inc. is doing just fine, and so is its iPads.

Earlier, a report by the firm's Hong Kong based analyst Gokul Hariharan stated that the iPhone maker was cutting orders to vendors within its supply chain that make parts for the iPad tablet device.

In addition, analysts from other firms also speculated that the demand for the iPad was slowly and gradually declining. The results, needless to say, eventually lowered Apple’s stock by some 3.2 percent in Nasdaq Stock Market trading on Monday.

Moskowitz also said that he would like to stick to estimates that Apple would be selling anywhere between 10.9 million to 12 million units of product in the fourth quarter of this fiscal year.