This ad will auto close in 10 seconds

Apple sold close to 1 mn iPad 2s in weekend: Analysts

Last Updated: Wednesday, March 16, 2011 - 21:15
California: Analysts expect Apple Inc to have sold close to a million iPad 2 tablet computers on its debut weekend -- significantly more than the first iPad, which went on sale last April.

"We would not be surprised to see Apple sell closer to 1 million iPad2s in the opening weekend," said Wedbush Securities analyst Scott Sutherland.

Best Buy on Friday said some of its outlets ran out of the tablet and its accessories within 10 minutes.

Global Equities Research analyst Trip Chowdhry estimates Apple may have sold three times more iPad 2 in the first two days compared to the previous version.

Most analysts had projected sales of 350,000 to 400,000 iPads in its debut weekend.

The profile of iPad 2 buyer is -- 60 percent existing iPad owners, about 40 percent first time iPad buyers, 100 perent own at-least One Apple Product, Chowdhry wrote.

People prefer AT&T's iPad 2 over Verizon's because AT&T has better customer service, Chowdhry added.

Bureau Report

First Published: Wednesday, March 16, 2011 - 21:15
comments powered by Disqus