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Apple sells out iPad2 on first weekend

Apple sells out iPad2 on first weekend

By Geetaj Channana | Updated: 11 June 2012 12:31 IST

Highlights

According to Gene Munster, Senior Analyst, Piper Jaffray, (A century old financial services company) whose team interviewed more than 200 iPad2 buyers, most of the iPad2s with all retailers in the US were sold-out on Saturday itself. When their team calle

According to Gene Munster, Senior Analyst, Piper Jaffray, (A century old financial services company) whose team interviewed more than 200 iPad2 buyers, most of the iPad2s with all retailers in the US were sold-out on Saturday itself. When their team called retailers on Sunday, not a single iPad2 was available anywhere. He estimates that Apple would have sold 400,000 to 500,000 iPads over the first weekend.

The Apple online store also states that the delivery time of the iPad 2 is now 3-4 weeks. It was originally 2-3 days when the iPad 2 went on sale.

According to Munster s survey, 70% of all buyers were first time buyers of the iPad which means that Apple is attracting more new people to its iPad ecosystem. Also, this points to the fact that not many people think that they should be upgrading their original iPad.

According to the survey, most people were interested in the 32GB version of the tablet.

Find the details of the survey below.

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