Analyst: 700,000 IPads Sold On Saturday

Posted: Apr 4 2010, 11:47am CDT | by , Updated: Aug 11 2010, 8:22pm CDT, in News | Apple

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If Gene Munster is correct, Apple made a nigh-unfathomable amount of money this weekend. The Piper Jaffray analyst issued a report (via The Loop) stating that he believed some 600-700 thousand iPads sold on the first day. This number includes the pre-orders.

Initial sales projections ran to around 200-300k, but a comparison of store lines and a few other factors raised that bar. Munster counted a full 730 people standing outside of Apple's 5th Avenue store, which compares to 350 people for the 3GS launch and 540 for the 3G launch.

These numbers have not been confirmed and are based on what amount to educated guesses. Munster may very well be off, but the trend lately has been for analysts to under-estimate Apple's first day sales.

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<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
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