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Apple sell 500,000 iPad 2 tablets, estimates

Apple may have sold over 500,000 iPad 2 tablets on the debut weekend, according to Piper Jaffray Cos. analyst Gene Munster.

Stores such as Best Buy and Target contacted by Munsters team had sold out of the iPad2 over the weekend he said in a research note yesterday. Online orders on the Apple store are already taking up to a month for delivery, indicating that demand already exceeds the stock. This is increased from a lead time of a week when the sales began.

Apple initially sold over 300,000 iPad's in the first 24 hours after the April debut. Munster said “iPads are sold out virtually across all channels, We were unable to find any availability”.

Munster also added that Apple will probably surpass early predictions of 5.5 million units sold this quarter, which ends this month. He also said that 70 percent of customers surveyed by the team indicate that they are first time iPad buyers, showing a growth in Apple's user base.

Apple may have sold three times as many iPad 2's in the debut as the first iPad, according to Trip Chowdhry.

The new model is thinner, lighter, has two cameras and sports a new dual core processor for more speed. The prices in the USA range from $499 to $829.

KitGuru says: Are you buying one? Seems someone you know already will be, according to the sales figures!

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