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Apple Inc. Target: 1m iPads

It has been reported that Apple Inc. (NASDAQ:AAPL) may sell as many as one million units of the new iPad on its release day.

Apple Inc. Target: 1m iPads

According to a new report from analyst Gene Munster, Apple Inc. (NASDAQ:AAPL)’s new iPad could sell as many as 1 million units on March 16, its first day of release.

Gene Munster, an analyst with Piper Jaffray, wrote in a March 12 research note said, “We expect Apple Inc. (NASDAQ:AAPL) to sell more than [1 million] iPads on 3/16, the day the new iPad hits retail stores. While the sell-through number is impossible to predict, given uncertain iPad supply levels, sales of over [1 million] iPads on launch day would be a slight positive relative to the Street consensus at 10.1 [million] iPads in the Mar-12 quarter.”

Apple Inc. (NASDAQ:AAPL) shares were at 552.00 at the end of the last day’s trading. There’s been a 40.9% movement in the stock price over the past 3 months.

Apple Inc. Target: 1m iPads
Apple Inc. (NASDAQ:AAPL) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.17
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.16
Zack’s Rank: 1 out of 2 in the industry

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