Analyst: 300K 3G iPads Sold First Weekend

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Apple sold 300,000 iPad 3G devices during the first weekend the device was available, one analyst estimates. Nearly all stores surveyed – 49 out of 50 – had run out of stock, according to Piper Jaffray’s Gene Munster.

Munster’s comments about lack of availability of the 3G models coincides with Monday remarks by Apple CEO Steve Jobs that the Cupertino, Calif. company was trying to keep up with demand. More than 1 million iPads were sold in the first 27 days, the company announced.


Munster made his estimate Sunday, after surveying activity in 50 stores, including New York and Minneapolis. The 3G iPad went on sale Friday. Apple is still offering 5-7 day shipping for iPads ordered online, according to Barron’s.

While consumers are snatching up iPads, the high demand is not coming at the cost of Mac sales, another analyst said Monday. Surveys of shoppers waiting to buy the iPads – either the Wi-Fi version released earlier or the Wi-Fi and 3G model released Friday – are not cannibalizing Mac sales. UBS analyst Maynard Um told investors Monday 94 percent of consumers buying iPads say the tablet device won’t replace their computer.

[via AppleInsider and Barron’s]