updated 04:20 pm EDT, Mon March 14, 2011
Some Best Buy stores ran dry in 10 minutes
The iPad 2's launch weekend sales could peak "closer to 1 million," suggests Wedbush Securities analyst Scott Sutherland. Most analysts have been conservative by comparison, arguing that sales will slot somewhere in excess of 500,000. Reuters notes however that on Friday, Best Buy said that some of its outlets ran out of tablets and accessories in as little as 10 minutes.
Still more sellouts are claimed by Ticonderoga Securities analyst Brian White. "Our field checks over the weekend indicate that the iPad 2 sold out at every Apple and non-Apple store we contacted," he says. "In fact, all the stores had worked through iPad 2 inventory by Saturday afternoon, and there were no new iPad 2 deliveries on Sunday."
Some Apple Stores may get new stock today, and open early on Tuesday to make it accessible. Apple has yet to reveal how many iPad 2s have been sold since Friday, except to say that demand was "amazing." If the total does hit 1 million, it will mark a dramatically faster pace than that of the iPad 1, which cracked the million-unit threshold in 28 days.