Saturday, 12 March 2011 10:58
Apple Expected To Sell 500,000 iPad 2?s First Weekend
As many people lined up and joined the broad Apple customer base today in anticipation of the iPad 2?s arrival later today, there isn’t a shortage of interesting projections emerging today with regard to just how big this debut weekend could be for Apple’s second generation tablet. Watching the Apple’s shares presently trading $4.49 higher @ $351.16 as both hye for Apple’s new product and Wall Street expectations are certainly lighting a fire beneath the stock. Analyst Brian Marshal of Gleacher & Co. tells Bloomberg that more than 500,000 units of the iPad 2 will be sold this weekend, on its way to out-selling the original iPad, which only moved a relatively paltry 300,000 units in its debut one year ago. Gene Munster, a prominent Piper Jaffray analyst – who happens to have a positive track record predicting Apple product sales and subsequent earnings – says Apple will sell between 5 and 6 million iPad 2s during the present launch quarter, topping the 3 million first generation iPads sold during its 2010 launch quarter. This helps Apple tremendously on this front helping a combination of factors poised to make the iPad 2 a sure-fire success. Among the factors are generally positive user experiences relating to the original iPad, the new concerted retail push by Apple and its partners, and the positive reaction from tech analysts who believe the improvements made to the iPad 2 make the premium tablet on the market today. What do you guys think of Apple’s iPad 2? Do you think it’ll prove to be more successful than the original? Let us know in the comments below! [Source: Bloomberg] Authors:
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