Analyst: Apple iPad will sell out by early afternoon on Saturday, April 3 launch day

Apple Online Store“After weeks of buildup, iPads hit stores at 9 a.m. Saturday. They will be sold out by ‘early afternoon,’ predicts tech analyst Richard Doherty of Envisioneering Group,” Jefferson Graham reports for USA Today. “Piper Jaffray analyst Gene Munster estimates Apple will sell 200,000 to 300,000 iPads this weekend and 1 million in the quarter.”

MacDailyNews Take: Laughingly low, Gene.

Graham continues, “Lines could be long at Apple Stores as buyers get help setting up e-mail, adding software apps and moving data from computers to the iPad. Some university campus bookstores and Apple resellers, in addition to Apple Store and Best Buy, will be selling iPads.”

“Charles Wolf, an analyst at Needham & Co., says the target audience for the iPad is young teens and adults, who would previously buy the iPod Touch,” Graham reports. “If Apple takes a hit on iPod Touch sales, that’s not a problem, he says. ‘The iPad has a higher price point and bigger profit margin.'”

Full article here.

[Thanks to MacDailyNews Reader “Jack F.” for the heads up.]

36 Comments

  1. @Steven
    Dream on for $399, AKA the phone was subsidized you remember? I doubt you will see the price drop at all, but of course you will see faster, better models. That is what always happens. My prediction is that they will sell 10 million this year. Of course I do not know diddly either, but it is fun to speculate isn’t it?

  2. UPS has no other update information other than it has left China…I wonder if it will make it to me by Apr 3. As I am visiting family that day, I changed the shipping address. If its late, I’m hosed; getting it re-routed will be a mess.

  3. Each store will have a few units in addition to the ones reserved for delivery from that store. The store will release any unredeemed reserved units at 3:00PM, giving the store a few more available for sale. I predict sellout by3:20.

  4. The shipped pre-orders and in-store pickups will count as being sold during the first weekend. So it will be a large number, if Apple chooses to do a press release on Monday. Whether it will be a “sell out by early afternoon on Saturday” or not, depends on Apple. Apple basically controls the number of iPads sold and rate of sale; they can sell as many as they make available.

  5. If you want to meet Gene Munster be at Apple Store, Southdale Mall, Edina, Minnesota at 10:00 am CDT. He’ll be seated just outside watching what people carry out. At least after he’s done playing with an iPad.

  6. I am really P.O.ed!
    My iPad pre-order shipped this past Tuesday.
    It’s now Saturday and still waiting for an iPad
    I have been told if there is no UPS Saturday delivery in my area, I wont’ be getting my iPad.
    Why did I bother with a pre-order?
    People waiting in lines at Apple stores will get their iPads before me on Saturday.
    If I had known this I wouldn’t have pre-ordered and waited in those lines with everyone else on Saturday.
    My mon’s b-day was this Friday. I pre-ordered the iPad last week.
    I was hoping it would be here on Saturday, but it looks like she won’t receive hers until Monday, maybe.
    The only saving grace is I know I have one definitely coming.
    People at the Apple stores may or may not get to purchase one and have to wait until Apple ships more to its stores.
    Just peeved that I didn’t have it to give her for today or tomorrow.’
    At least I gave her an iTunes gift card. I am sure she’ll use this to get apps, movies and/or music from the Apple App store once her iPad comes ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

  7. Yea, right. The little sh^&%thole town I live has only one “official” apple store and Apple canceled their order. Now it wasn’t a big order but hey, some of us here in sh&*(&tville;still like to stay up on what’s going on out in the real world. Productions not the problem, demand is running too high–so of course those of us in backwater, USA get the shaft first, Just like Obama care

  8. HMCIV,

    The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president.”

    The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince.

    The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.

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