iPad Sales Soar in First Two Days

6 Apr 2010

Easter weekend proved huge for Apple, as it launched the iPad in the US and reportedly sold over half a million units.

The weekend's total numbers have yet to be officially confirmed, but industry analysts are claiming the iPad sold between 600,000 and 700,000 tablets. Apple itself said that it sold more than 300,000 iPads on the first day.

The tablet will launch in the UK at the end of April.

"It feels great to have the iPad launched into the world - it's going to be a game-changer," said Apple CEO Steve Jobs in a press release. App and eBook sales were also strong, he said: "iPad users, on average, downloaded more than three apps and close to one book within hours of unpacking their new iPad."

Huge lines and thousands of pre-orders still didn't wipe inventory clean, according to the Wall Street Journal. "Unlike what happened at the 2007 debut of Apple's iPhone, few stock outages were reported."

Financial analysts said Apple stock would perform well on the back of iPad sales. According to Mark Moskowitz of JP Morgan Research, the December 2010 price target for Apple stock will rise to $305, up from $240.

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