“Apple Inc is seeing record pre-orders for its latest iPad with wait times for shipping the tablet now reaching two to three weeks, said Canaccord Genuity analysts, who now expect the company to sell 65.6 million iPads this year,” Chandni Doulatramani reports for Reuters.
“‘With our checks indicating record pre-orders and 2-3 week wait times for new iPads, we anticipate a record iPad launch this weekend,’ said analysts T Michael Walkley and Matthew Ramsay,” Doulatramani reports. “They raised their iPad unit estimate to 65.6 million from 55.9 million for 2012, and to 90.6 million from 79.7 million for 2013, saying rivals will likely struggle to introduce competitive products over the next couple quarters.”
Doulatramani reports, “The analysts raised their price target on Apple stock to $710 from $665, and maintained their ‘buy’ rating.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Carl H.” for the heads up.]