Saturday, April 16, 2011

Apple Calls iPad 2 Sales ‘Amazing’, May Have Sold 1 Million

March 14th, 2011   |  3:55 PM EST Apple Calls iPad 2 Sales 'Amazing', May Have Sold About 1 Million

An Apple spokesperson via The Loop said:

“Demand for the next generation iPad 2 has been amazing. We are working hard to get iPad 2 into the hands of every customer who wants one as quickly as possible.”

Apple also neglected to mention the number of iPad 2s sold since last Friday. Considering there was nary an iPad 2 to be found at a retail store this morning, across the country, it’s likely Apple lived up to some analysts’ estimates that iPad 2 sales could reach at least 500,000 units this past weekend.

AppleBitch.com made note of a rumor that some Apple retail stores may open an hour early Tuesday morning in anticipation of large crowds wanting to clean up on replenished iPad 2 stock. “If the Apple Stores were re-stocked today, the iPad 2 would not be sold until tomorrow”. Calls to some Apple stores made by AppleBitch and MacRumors confirm some are opening an hour early tomorrow, at 9am.

Fortune sums up analyst speculation on this past weekend’s iPad 2 sales:

Most analysts were cautious, fearing perhaps that whatever they wrote would soon be overtaken by an Apple (AAPL) press release. Most, like Piper Jaffray’s Gene Munster, stuck with 500,000 units. But Baird’s William Power estimated that Apple sold “roughly 1 million” the first weekend, Wedbush’s Scott Sutherland “wouldn’t be surprised” by that number and Global Equities Trip Chowdhry thought Apple “may have sold” three times as many iPad 2s as iPad 1s its first weekend, which amounts to the same thing.

Deutsche Bank’s Chris Whitmore thinks Apple has gained an “insurmountable lead” in the tablet market in a note to investors today. During a poll of 100 iPad 2 retailers, Whitmore found all of them out of stock by yesterday.

Apple Calls iPad 2 Sales 'Amazing', May Have Sold 1 Million

J.P. Morgan analyst Mark Moskowitz thinks Apple’s tablet competition like the Samsung Galaxy Tab and Motorola Xoon “have experienced disappointing adoption curves”. Apple’s market share may widen even more, as made evident by this past weekend’s sell out craze.

Brian White from Ticonderoga Securities echoed the other analysts’ sentiments and stuck with his forecast of about 1 million iPad 2s sold on launch weekend, thinking there was enough demand to exceed his target if there was enough supply.

iPad News Via: appleinsider.com

Related posts:

Sold Out: iPad 2 Inventory Dwindled to Zero Over Launch WeekendAnalysts: iPad 2 Sales May Reach 600,000 This WeekendApple announces 3 million iPads sold in first 80 daysAnalyst Raises 2010 iPad Sales Estimate to 8 MillionAnalyst: Apple sold 600-700 thousand iPads the first dayCategorizing iPad as PC would make Apple largest in US marketiPad 3G remains completely sold out at US Apple retail storesApple expected to sell 6.2M iPads in 2010 after strong overseas debutApple: Another Round Of Estimate Hikes On Strong iPad SalesChitika labs estimates that over one million iPads have been sold
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