During the company's third fiscal quarter, Apple prepayments on components grew by $1.15 billion sequentially, notes Wells Fargo analyst Maynard Um. The information is taken from Apple's recent 10Q filing with the US government, made in parallel with the company's Q3 results announcement. Um comments that the payments are "not necessarily an indicator of demand," but may "reflect Apple's expectation for stronger revenue." Apple has several anticipated products in the pipeline for the rest of 2012, including a new iPhone, new iPods, and possibly a 7- to 8-inch "mini" iPad.
