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Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (17248)	3/12/2012 12:17:41 PM
From: puborectalis	Read Replies (2) \| Respond to of 32692

Apple ( AAPL) may sell more than a million iPads when the new model goes on sale this Friday at retail outlets, according to Piper Jaffray’s Gene Munster. Munster, who has an Overweight rating on Apple shares and a $670 price target, writes that Apple has already sold out of inventory set aside for pre-orders, which began last Wednesday, the same day the company unveiled the new model. . A one-million day on Friday, he writes, could bode well for total iPad sales this quarter ending in March, given that the Street has been modeling 10.1 million iPads. (Munster cites a USA Today article on Saturday by Geri Coleman Tucker and Jefferson Graham quoting Apple saying inventory sold out after Wednesday’s orders.) Munster notes the company sold 300,000 units when the first iPad went on sale on April 3rd of 2010. Apple never offered sales figures for the launch day for iPad 2 last year, on March 11th, probably because supply was “severely constrained” at the time, opines Munster. But pre-orders, which started the same day as retail availability that day, sold out within hours, he notes. He also notes that at a similar juncture in the life of the iPhone — 50 million had been sold when the iPhone 4 came out, versus 55 million iPads to date — the new model sold 600,000 pre-orders on June 15th, 2010, and then sold 1.7 million units on June 26th when it came out at retail. Concludes Munster, Even if iPad sales are less than 10m in Mar-12, we see it as a win-win given investors will attribute the miss to a slowdown ahead of the new iPad and start to anticipate a strong rebound in the June-12 quarter