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Talk about your successful debuts. Apple (AAPL) announced this morning that it will have to delay the international launch of its new iPad by a month due to a shortage of the extremely popular new tech offering. During the first week of iPad existence, the tech giant sold more than 500,000, forcing the company to push the international debut back to the end of May. Apple stated that "demand is far higher than we predicted and will likely continue to exceed our supply over the next several weeks as more people see and touch an iPad. We have also taken a large number of pre-orders for iPad 3G models for delivery by the end of April."
On the first day of iPad sales (April 3), Apple sold more than 300,000 iPads as of midnight -- a figure that includes delivery of pre-ordered iPads.
This is great news for Steve Jobs' company, but it does prompt Silicon Alley Insider to opine about Apple miscalculating the popularity of the iPad or the company having major supply problems. The bottom line is that the iPad is a major success and should help keep Apple shares elevated for some time to come. I just wonder how long the shares will remain at their current levels.
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Reader Comments (Page 1 of 1)
4-19-2010 @ 9:57AM
Bob said...
This news most bode poorly for the Neandertechs who proclaimed the iPad another Apple gimmick. Apple is one of the last great American product companies, and Steve Jobs continues to cement his place in history along side earlier American innovators of technology, such as Edison and Bell. The only thing that chaps my butt is that my sister got one before I did. Oh, the agony, the agony...