“Believe it or not, Apple has sold a million iPads, just 28 days after the device went on sale,” Carl Gutierrez reports for Forbes. “That pace even outstrips that of the first iPhone… it probably would have been more had demand not outpaced supply.”
“Monday was a good day for Apple, as its announcement pushed shares of the company up 2%, or $5.26, to close at $266.35,” Gutierrez reports. “Andy Hargreaves, an analyst at Pacific Crest Securities, said that Apple can keep up this rate, assuming they can overcome their supply constraints. ‘They’ll be launching in different countries soon so just the act of expanding their distribution will accelerate basic sales,’ Hargreaves said.”
Gutierrez reports, “He expects Apple to sell nine million units by the end of 2010.”
Full article here.
MacDailyNews Take: Slowly, but surely, the analysts’ iPad unit sales estimates creep ever upwards to less laughable levels. However, unless Santa cancels Christmas this year, Hargreaves’ estimate is still too low.
Apple sold over 1,000,000 units in 28 days in April with only one of two models on the market, U.S. only, with supply severely constrained. iPad 3G units just launched on Friday evening. Roll-outs in international markets come next. And, as we sadi, what about the holiday quarter? Sheesh, you’d think that by now, at least one analyst would be able to do the math.