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Technology Stocks : Apple Inc.
AAPL 260.10-0.4%3:59 PM EST
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To: XoFruitCake who wrote (128237)3/18/2012 3:27:32 PM
From: Cogito1 Recommendation  Read Replies (2) of 213182
 
>>With all the talk "about Ipad not selling well because no line around the country waiting", I think it may force Apple to announce the first day and first weekend sales to maintain the momentum of the launch to the next 23 countries and I am looking forward to hear from them. My over and under is about 3 million unit from all 10 countries. I would be disappointed as an investor that they didn't sell more than 3 million unit in the launch weekend.<<

I think 3 million may be too high a bar. No previous iPad has sold anywhere near that many units on the launch weekend. I'd be happy with anything north of a million, myself. Nor am I concerned with the lines or absence of lines, because there were pre-orders for the new iPad, which wasn't the case with the iPad 2.

Just a few months ago, the lack of long lines for the iPhone 4S on launch day led many people to conclude that the whole iPhone thing was over. Yet Apple sold more than 37 million units in the first quarter, which was obviously nothing to sneeze at.

Apple may or may not announce numbers for the first weekend. I wouldn't worry either way. The product is going to be a smash hit. By the end of the year, I believe we'll be looking at sales of more than 40 million iPads, including the lower-priced iPad 2. That's my prediction. As always, I could be wrong. We'll see.
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