Half a Million iPad 2 Tablets Sold Over Weekend, Analysts Say
Apple may have sold half a million iPad 2 tablets over its debut weekend, reports Bloomberg, citing Piper Jaffray analyst Gene Munster. Several retail outlets, including the Fifth Avenue store in New York, have sold out the devices.
In comparison, Apple moved more than 300,000 units of the first iPad in the 24 hours after its debut last April, Bloomberg said, highlighting the “buoyant” demand for the tablet.
Munster added Apple is likely to surpass his early prediction of 5.5 million iPads sold this quarter. Of the iPad 2 customers, Munster said 70% of them were first-time iPad buyers.
Another analyst, Trip Chowdhry of Global Equities Research, said Apple may have sold three times as many iPad 2s in its debut as the first edition, reports Bloomberg.
“We continue to believe that Apple sold between 400,000 and 500,000 iPad 2s over the weekend,” Chowdhry wrote in a research note. “And we note that the weekend number for iPad 2 is essentially a launch day total because stock was quickly depleted and not replenished over the weekend.”
“iPads are sold out across virtually all channels.”