No display shortage seen for new iPad

The third generation iPad sports a crisper display, dubbed the Retina Display, and some industry commentators and technology blogs have said the company could face a supply crunch for these displays in the near term. Jefferies analyst Peter Misek, however, said industry concerns over the sharper screens used in the new iPad were unfounded, as Apple suppliers have ramped up production for the new display. "Despite widespread concerns, we believe there will be enough screens for the new iPads," said Misek, who raised his price target on Apple stock to $699. Apple shares were trading up $5 in premarket trading on Tuesday, after closing at a life high of $552 on Monday on the Nasdaq.

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