Apple on Track to Sell 12 Million New iPads This Quarter (AAPL)
An analyst at UBS has said that Apple Inc. (NASDAQ: AAPL) could sell as many as 12 million iPads this quarter if the company can sustain the daily sales rate of 750,000 units/day in the first four days of the…
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The new iPad is still only available in the US; it won’t be on shelves in 24 other countries until this Friday. So while the new device may not be able to sustain its pace in the US, the added sales from around the world could certainly help it to reach those astronomical numbers.
The UBS analyst also pointed out that the quarterly sales forecast does not include sales of the previous version of the iPad. When those are added in, Apple’s revenue upside grows even larger.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
