Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • Cloud
    • Mobile
    • PC Hardware

    iPad 2 Sales Hit 500,000 at Launch, Says Munster

    By
    Clint Boulton
    -
    March 14, 2011
    Share
    Facebook
    Twitter
    Linkedin

      Apple may have sold as much as 500,000 iPad 2 devices on its first day of sales March 11, or 200,000 more than the first iPad sold in its first weekend of sales last April, according to an industry analyst.

      Piper Jaffray’s Gene Munster, who predicted before the iPad 2 went on sale that he expected the device to sell more than the first iPad, said his estimation of 400,000 to 500,000 iPad 2s sold only covers the launch day.

      That’s because Apple stores and retailers such as Target and Best Buy he spoke to were out of the popular tablet computer, which is thinner, lighter and faster than its predecessor, by the end of the day and did not receive more shipments over the weekend.

      Piper Jaffray counted 1,190 people in line at Apple’s 5th Ave. store at 5 p.m. on Friday, compared to 730 people in line for the first iPad when it launched at 9 a.m. on Saturday, April 3, 2010.

      The opening weekend of iPad 2 sales was a resounding success, forcing Munster to acknowledge he earlier underestimated iPad 2 demand.

      “Strong demand in stores and online suggests that our estimate of 5.5 million iPads in the March quarter is likely conservative,” said Munster, whose research team spoke with 236 iPad 2 buyers March 11 in New York City and Minneapolis.

      Piper Jaffray’s Munster wasn’t the only analyst team to haunt Apple and Best Buy stores in America for the iPad 2 landing.

      Global Equities Research analyst Trip Chowdry checked out four Apple stores and three Best Buy locations and estimated Apple sold three times more iPad 2 tablets in the first two days of the launch versus the first iPad.

      Each Best Buy sold its 40 iPad 2 units in 4 minutes, and took a $100 deposit per device for the next shipments this week.

      Customer lines to purchase the new iPad 2 were more than three times long versus lines for the first iPad April 3, 2010. Moreover, almost half of the people purchased two iPad 2s.

      Meanwhile, Munster discovered that 70 percent of iPad 2 buyers were new to the iPad, an indication that Apple is expanding its base of iPad users.

      This should bolster Apple’s early lead in the nascent tablet market, which Forrester Research said was 90 percent through 2010 and should end 2011 at 80 percent, owing to Apple’s strong brand and channel affinities.

      The iPad 2’s closest competition in terms of features, form and performance is the Motorola Xoom Android 3.0 “Honeycomb” tablet, which is reportedly suffering weak sell-through, likely due to its $799 cost off contract, $599 tag with Verizon Wireless contract.

      HP’s TouchPad and RIM’s PlayBook are on the way this spring, while several more Honeycomb tablets, including the Samsung Galaxy Tab 10.1, LG Optimus and others are also in the tablet pipeline.

      Clint Boulton
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×