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Monday, March 12, 2012

Apple could sell 1 million iPads on first day

Company has already pushed back the shipping date for the iPad by three days or longer for online orders, which will likely drive lines at the stores.

A million iPads sold in one day is a nice goal, but is it considered conservative?
(Credit: Apple)
Apple, already selling out of new iPads on its online store, could break the 1 million mark on Friday alone when it is released.
That's according to Piper Jaffray analyst Gene Munster, who gave the estimate in a research note today.
The figure would far outstrip first-day sales figures for the original iPad, and would likely exceed comparable iPad 2 sales. (Apple didn't disclose that figure.) It highlights the exploding interest intablets even as other companies struggle to sell their own rival products. The device is slowly evolving from a luxury item into a necessary tool--even if it isn't quite there yet.
While Apple didn't provide a first-day sales figure for the iPad 2, analysts had their range of estimates. Munster a year ago predicted that Apple sold 500,000 over the first weekend, while others went as high as 1 million. Analysts note that the figure could have been smaller because supply constraints limited the number of iPads that Apple could bring to the market.

Full report