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20 million iPad 2’s to be manufactured by Foxconn in the third quarter [Report]

Apple’s sole manufacturer Foxconn will reportedly manufacture 20 million iPad 2’s in third quarter 2011 which is almost double of 9.5 Million iPads sold during the same period in third quarter last year. The news came from DigiTimes report.

For the third quarter, Foxconn is expected to ship 20 million units of iPad 2 to Apple, a growth of 60% sequentially, and the orders should be the major growth driver for the company in the second half.

Foxconn has reported the financial results for first half of current year according to which the net profits have reached NT$27.38 billion (about $945.93 million) however the earnings per share have declined 20 percent from same quarter last year.

Source: 9to5Mac

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