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. Gene, Gene – What happened to you????

    You used to be out there with courageous, forward looking predictions. Now you are not even middle of the pack Why even Huberty has you totally smoked with predictions of 8 M or higher for this year.

  2. I don’t think the setup will take that long. There is no wireless contract to arrange and I doubt that people will be transferring info from their computers in the store. If you have mobileme you will be able to sync automatically.

  3. Er, I think the target audience is a little wider than “young teens and adults who would previously buy the iPod touch”. Try “anyone who wants to consume and share digital content on a device with zero learning curve”.

  4. ALL APPLE STORES ARE OPEN ON SUNDAY !!!!
    They Are not Closed.

    ALL APPLE STORES ARE OPEN ON SUNDAY !!!!
    They Are not Closed.

    ALL APPLE STORES ARE OPEN ON SUNDAY !!!!
    They Are not Closed.

    JUST CONFIRMED BY NY 5th AVE STORE TO CONFIRM: Tel (212) 336-1440

  5. Note to pundits. Apple will only sell out this weekend because of supply problems. Not because of anything bordering on interest. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  6. HMCIV:

    Bullshit. Do you really think that Apple who runs the best inventory control in the business will have supply problems for the iPad which has been in development for years and is anticipated to be the hottest item in retail???

    You gotta be kidding !

    Production lines are blazing.

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