"It will definitely impact production, but this isn't something that will be material to Apple's earnings," said Brian White, an analyst with Ticonderoga Securities.

White, who supplied a research note to clients earlier Monday about the explosion and fire at a Hon Hai Precision Industry Co.-owned plant in Chengdu, China, said that iPad 2 manufacturing can probably be shifted elsewhere.

Taiwan-based Hon Hai, better known by its trade name of Foxconn, has shuttered not only the Chengdu facility, but the electronics polishing lines at all facilities to conduct investigations, according to the .

Hon Hai made the move after an at the Chengdu plant killed three and injured 15.

Foxconn produces products for some of the world's biggest names in technology, including Apple and Hewlett-Packard.