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  • Apple Expected to Sell at Least 500,000 iPad 2s This Weekend


    As the MMi crew and company join the broad Apple customer base today in anticipation of the iPad 2's arrival later today, there's no shortage of interesting projections emerging this afternoon with regard to just how big this debut weekend could be for Apple's second generation tablet.

    Watching the stock ticker above my office door, shares of Apple are presently trading $4.49 higher @ $351.16 as both hype for Apple's new product and Wall Street expectations are certainly lighting a fire beneath the stock. Analyst Brian Marshall of Gleacher & Co. tells Bloomberg that more than 500,000 units of the iPad 2 will be sold this weekend, on its way to out-selling the original iPad, which only moved a relatively paltry 300,000 units in its debut one year ago.

    Prominent Piper Jaffray analyst Gene Munster - who happens to have a largely positive track record predicting Apple product sales and subsequent earnings - says Apple will sell between 5 and 6 million iPad 2s during the present launch quarter, topping the 3 million first generation iPads sold during its 2010 launch quarter. Helping Apple tremendously on this front is a combination of factors poised to make the iPad 2 a sure-fire success. Among the factors are generally positive user experiences relating to the original iPad, the new concerted retail push by Apple and its partners, and the positive reaction from tech analysts who believe the improvements made to the iPad 2 make it the premium tablet on the market today.

    Source: Bloomberg
    This article was originally published in forum thread: Apple Expected to Sell at Least 500,000 iPad 2s This Weekend started by Michael Essany View original post