This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple Blames Demand for iPad's International Delay

Apple iPad story updated with the latest stock price.

CUPERTINO, Calif. (TheStreet) -- It's the crazy demand, not the bungled supply, that will delay the iPad's global conquest, according to Apple (AAPL).

Apple says it will delay the international launch of its iPad tablet device for a month due to supply shortages.

iPad

The Mac maker says it has sold a half million iPads in the first week since the device's debut on April 3. But due to the strong U.S. demand and hefty pre-orders of 3G iPads, Apple said it's forced to delay the introduction of the iPad overseas.

"Faced with this surprisingly strong U.S. demand, we have made the difficult decision to postpone the international launch of iPad by one month, until the end of May," Apple said in a press release Wednesday.

Toshiba: Getting Ahead of the Market (Forbes)

Sounds like a raging success, unless you consider that Apple has reportedly again switched its iPad touch-panel suppliers in recent weeks, leaving the company possibly ill-prepared to supply the entire initial rush of iPad buyers.

So instead of finding fault with its own production management, Apple turned the table and blamed the robust demand for the device.

The countless international buyers waiting for their shot at the iPad will likely be disappointed by the delay, said Apple. "But we hope they will be pleased to learn the reason -- the iPad is a runaway success in the U.S. thus far," the company added in its release.

The upbeat spin on iPad delays abroad and the thin air at Apple's lofty levels helped push the shares up more than $3 to a new all-time high of $245.51 in early trading Wednesday. But by the afternoon, Apple shares had retreated slightly to $245.30.

--Written by Scott Moritz in New York

RELATED STORIES



Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,039.49 +60.36 0.36%
S&P 500 1,992.37 +5.86 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs