Apple (AAPL): Three Million iPads Sold

Apple (AAPL) has just sent out an official announcement to confirm that sales of the new iPad Mini and fourth-generation iPad reached a whopping 3 million during the device’s debut weekend.

“Customers around the world love the new iPad mini and fourth generation iPad,” CEO Tim Cook said in a statement.

Apple is calling the 3 million iPad sales a “launch weekend record” and points out that it is double the previous first weekend milestone of 1.5 million Wi-Fi only models sold for the third-gen iPad back in March.

“We set a new launch weekend record and practically sold out of iPad minis. We’re working hard to build more quickly to meet the incredible demand,” Apple said.

Apple did not provide any specific sales figures for the iPad or iPad mini, but noted that sales of the iPad mini exceeded initial supply.

Piper Jaffray analyst Gene Munster, who remains bullish on AAPL with an “Overweight” rating and a $900 price-per-share target, had predicted 1 million to 1.5 million iPad Minis sold over the first 3 days.

The WiFi + cellular versions of both the 7.9-inch multi-touch display iPad mini and the new 4th-gen iPad with Retina display are projected to start shipping to U.S. customers in “a few weeks” and in “many more countries” later this year, Apple says.

Click here for Apple’s press release.

Apple shares are currently up $9.46, or 1.58 percent, at $585.62.

Be the first to comment

Leave a Reply

Your email address will not be published.


*