Apple iPad Sales Could Reach 700,000 Units This Weekend!
Apple Inc. is likely to sell more than twice as many iPads in its debut weekend than some analysts estimated, an early sign that Chief Executive Officer Steve Jobs may succeed at reviving demand for tablet-style computers. The iPads initial sales may have reached 700,000 units, Piper Jaffray & Co.s Gene Munster said in an interview today. The Minneapolis-based analyst previously predicted sales of 200,000 to 300,000, while Sanford C. Bernstein & Co.s Toni Sacconaghi projected 300,000 to 400,000.
When the iPhone debuted, Apple struggled to keep it in stock. Most of its stores quickly sold out, and resellers on EBay and Craigslist hawked the device to desperate shoppers for as much as $12,000. Apple sold about 270,000 iPhones in its 2007 debut weekend. Apple may sell about 5 million iPads in the first 12 months, compared with 6.1 million iPhones in its first year on the market, according to Sacconaghi. Researcher ISuppli Corp. says full-year sales may reach 7.1 million globally.
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