There will be no shortage of screen for new iPad

Concerns about the supply of components for the new device were being exaggerated.

Reuters. By Himank Sharma - Concerns about the supply of components for the new iPhone from Apple being "exaggerated," said Jefferies consultancy, adding that the company should produce between 12 million and 15 million tablets in the quarter.

The third-generation iPhone has more high definition screen, known as Retina Display, and some industry experts and technology blogs reported that the company could face shortages in the supply of screens in the short term.

However, Peter Misek, an analyst at Jefferies, said that concerns about the screens with better definition for the iPad were unfounded because suppliers of Apple increased the production.

"Despite widespread concerns, we believe that there will be enough screens for the new iPad," said Misek, who raised the price target for Apple shares to $ 699.

Apple stock trading reached a high of $ 5 in pre-opening after close to $ 552 on Monday. At 11h03 Brasília gained 0.84 percent, to $ 556.25.

The intrinsic value of the shares, according to StarMine, is $ 668.50. The model considers the intrinsic value of StarMine generally optimistic forecasts of analysts on the earnings per share is based on the growth rate in dividends, and so calculated to determine the assessment.

The new iPhone was submitted on March 7, the celebration usually associated with releases from Apple. On Monday, Gene Munster, an analyst at Piper Jaffray, estimated that Apple could sell well over one million of the new tablets on launch day, if all pre-orders to turn into purchases.

So far, Apple has sold 55 million worth of tablets, 15.43 million of them in the fourth quarter of 2011.

Misek, who receives five-star rating from StarMine, a division of ThomsonReuters, the accuracy in predicting Apple`s earnings, also said the company should launch the iTV television, which has generated much speculation before the end of the year.

The analyst said that Apple should start to produce iTV in May or June, to launch in the fourth quarter.

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