Apple Expected To Sell Over 1 Million iPads This Friday [Report]

Apple Expected To Sell Over 1 Million iPads This Friday [Report]

The post-PC revolution is here.

Apple announced over the weekend that it had completely sold out of its pre-order stock for the new iPad, stating that demand for the new tablet is “off the charts.” Now analyst Gene Munster is predicting that Apple will sell over 1 million units during the new iPad launch this Friday, March 16th.

Munster says that if the average selling price of the new iPad is $650 (the different storage models and 4G versions need to be considered), Apple would net a cool $650 million on launch day. Considering it only costs Apple about $310 to make each iPad, that’s quite the profit margin.

The original iPad moved 300,000 units on its launch day back in 2010. Apple never gave official numbers for iPad 2 launch day sales, but analysts predicted between 500,000 and 1 million units sold during the opening weekend. More than 55 million iPads have been sold to date. Conservative estimates have predicted that Apple will sell at least 48 million iPads in 2012 alone.

Apple announced its third-generation iPad at an event in San Francisco, California last Wednesday, March 7th. The new iPad features a Retina display, faster hardware, better cameras, and 4G LTE networking. Tim Cook said that Apple is leading the “post-PC revolution” with products like the iPhone and iPad, and sales numbers indicate that he is right.

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  • bluefalcon75

    Correction…

    This Friday, MARCH 16.

  • Barton Lynch

    I don’t know what more you could want from the iPad 3

  • Alberto Hernandez

    I know right? Everything that can possibly be done with the hardware at this point in time was done.

  • Vasu Sharma

    I agree can’t wait for mines

  • Vincent

    Induction charging builtin?  It would be cheap to include the receiver for this.

  • sethdude

    Siri lol. And a better front facing camera would be nice. But Siri could be added in a software update and I dont FaceTime that much anyway so it’s not too big of a deal. But still I feel like both of those would have been possible for the new iPad

  • Deranger86

    You do know that Apple will never include something that has never been tested or will not work 100% right?

  • Arthur Lo

    Problem with Siri is that it requires internet access, and unlike a phone, unless you have a Data plan, your not always connected… Then you end up with models with Siri and Wifi model without…

    Induction Charging works just fine on the HP Touchpad, and I dont think its a issue with the technology thats making apple pass on it. I think its as simple as induction charging does not work through the aluminum metal back and going plastic would “cheapen” the look of the iPad.

  • Evan Benford

    I will DEFINITELY be getting one. But if they kept it the same thickness and weight (or less) it would’ve been perfect. And a better front camera but that’s minor. A real jump would be the home button removal which I’m on the edge if that’s a step forward or not. I think this iPad was really about bang out hardware while real “innovations” will be for the next. (LiquidMetal, revamped touch tech, other cool tings)

About the author

Alex HeathAlex Heath has been a staff writer at Cult of Mac for three years. He is also a co-host of the CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Twitter always works too.

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