“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.]