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| Data source : Asymco and BusinessInsider |
Apple has delivered
another of its routine blockbusters with the launch of the new ipad and
the company has acknowledged that iPad stock set aside for
preorders is sold out, while noting also that customer response to the device
has been "off the charts.According to USA Today "Apple has
since confirmed in a statement that preorders of the new iPad has
run out.The March 7th Friday's iPad launch was met with a
huge response and that means that Apple has just delivered
3 hits in a row as reports indicate that the company
will sell at least one million on the first day alone.
Analyst Gene Munster with Piper Jaffray said in a note to investors on Monday that he expects Apple will sell more than a million iPads on Friday when the new model hits shelve . According to Wall Street analysts Apple is expected to sell about 10.1 million iPads in the current March quarter. Sales of one million in just one day would exceed that projection for the three-month period.
"That said, even if iPad sales are less than 10 (million) in (the March quarter), we see it as a win-win given investors will attribute the miss to a slowdown ahead of the new iPad and start to anticipate a strong rebound in the June-12 quarter," Munster wrote. Back in 2010, Apple sold more than 300,000 iPads on the first-generation product's launch day. Supply for the iPad 2 launch was very constrained
For the third-generation iPad launch, Munster drew a comparison to the iPhone 4 debut in 2010. The launch of the first iPad, Apple has sold just over 55 million iPads, while the iPhone 4 debuted in 5 countries after Apple had sold over 50 million iPhones through the March 2010 quarter.
A month after the iPad 2 was
released, Apple's then chief operating officer Tim Cook said during a quarterly conference call that
"staggering" demand for the device had caused the "mother of all
backlogs."
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