Apple Sells Three Million iPads

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There has been a guessing game going on among analysts since the new iPad launched on March 16. How many were sold? Experts watched lines at stores and counted units sold at Apple (NASDAQ: AAPL) retail outlets and those of its distributors. The research yielded nothing. The most optimistic stock pickers raised price targets on Apple’s shares, already at $600, based on wild iPad sales estimates.

No one need wait any longer

“The new iPad is a blockbuster with three million sold―the strongest iPad launch yet,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Customers are loving the incredible new features of iPad, including the stunning Retina display, and we can’t wait to get it into the hands of even more customers around the world this Friday.”