Corey Tamas for Macgasm:

Looks like J.P. Morgan’s Gokul Hariharan made a small error in his analysis of Apple’s iPad-based fortunes when he reported a 25% drop in iPad orders among Foxconn factories in Asia. Apple (AAPL) shares took a sharp downturn after the word was out, but both Hariharan and traders forgot one thing: Foxconn has a new plant in Brazil that will be spewing out iPads like nobody’s business by December.

Oh come on, seriously? J.P. Morgan analyst Gokul Hariharan said this morning that Apple had slashed manufacturing for the iPad by 25 percent. Turns out he was wrong.