iPad 3G remains completely sold out at US Apple retail stores
Checks with 50 Apple retail stores found that the iPad 3G remains completely sold out in the U.S. weeks after its release and 7 days ahead of the device's international launch.
Analyst Gene Munster with Piper Jaffray said his team contacted representatives at 50 Apple retail stores and found that 74 percent of them were sold out of all models of the iPad, with the Wi-Fi model available in 26 percent of stores, and the 3G version sold out. It's been the same story for Apple since the iPad 3G first launched on April 30 in the U.S.
To deal with the limited supply, Apple's stores have begun offering customers the opportunity to be placed on a "Notify Me" waiting list, which will have the store hold an iPad when it arrives for 24 hours. One Apple store representative told Munster that customers who enlist in the in-store reservation system typically wait 4 to 7 days to receive an iPad. That's better than the 7 to 10 day wait found via Apple's online store.
Munster said constrained supplies suggest there could be an upside to his projection of 1.3 million units sold in the Apple quarter. But he also cautioned that Apple's inability to meet demand means that some near-term Wall Street projections are "getting ahead" of what the Cupertino, Calif., company can actually supply.
"GIven the international iPad launch on 5/28, and continued strong demand in the U.S., we expect supply constraints to last through the June quarter, reaching equilibrium in mid-to-late Sept. quarter," Munster wrote.
The first day of iPad 3G sales was enough to push the device past the 1 million milestone, with Apple reaching that many sales just 28 days after the hardware was introduced. Apple officials have admitted that they were caught off guard by the strong sales start of the new device.
Demand in the U.S. forced Apple to delay the international launch of the iPad until next Friday, May 28. The device -- both Wi-Fi-only and 3G models -- will be introduced to customers in nine countries: Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U.K. Further launches in Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand and Singapore will occur in July. Apple has said it will announce launch dates for nine additional countries at a later date.
Analyst Gene Munster with Piper Jaffray said his team contacted representatives at 50 Apple retail stores and found that 74 percent of them were sold out of all models of the iPad, with the Wi-Fi model available in 26 percent of stores, and the 3G version sold out. It's been the same story for Apple since the iPad 3G first launched on April 30 in the U.S.
To deal with the limited supply, Apple's stores have begun offering customers the opportunity to be placed on a "Notify Me" waiting list, which will have the store hold an iPad when it arrives for 24 hours. One Apple store representative told Munster that customers who enlist in the in-store reservation system typically wait 4 to 7 days to receive an iPad. That's better than the 7 to 10 day wait found via Apple's online store.
Munster said constrained supplies suggest there could be an upside to his projection of 1.3 million units sold in the Apple quarter. But he also cautioned that Apple's inability to meet demand means that some near-term Wall Street projections are "getting ahead" of what the Cupertino, Calif., company can actually supply.
"GIven the international iPad launch on 5/28, and continued strong demand in the U.S., we expect supply constraints to last through the June quarter, reaching equilibrium in mid-to-late Sept. quarter," Munster wrote.
The first day of iPad 3G sales was enough to push the device past the 1 million milestone, with Apple reaching that many sales just 28 days after the hardware was introduced. Apple officials have admitted that they were caught off guard by the strong sales start of the new device.
Demand in the U.S. forced Apple to delay the international launch of the iPad until next Friday, May 28. The device -- both Wi-Fi-only and 3G models -- will be introduced to customers in nine countries: Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U.K. Further launches in Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand and Singapore will occur in July. Apple has said it will announce launch dates for nine additional countries at a later date.
Comments
Is the iPad really that great or is it an OK product backed by a lot of hype?
It is a great product, with over 91% user satisfaction according to a recent survey.
Is the iPad really that great or is it an OK product backed by a lot of hype?
Off topic ... AAPL must be the best buy out there right now people!
I wish they'd get them in stock... been calling every day. I have the WiFi iPad and very much want to have connectivity all over. I was going to just order it online but I kept thinking it would come back into the store before long. So far, I've been wrong on that thought...
Well if troberts above is correct, perhaps you don't really want one you are a victim of hype! On the other hand as you already own a wifi one and want another one with 3G perhaps you should answer him directly
Now I have time to think about it, thanks for ruining my impulse buy, Apple.
I think next Apple quarter is going to be nuts. But Ipad profits per unit are low atm compare to the iphone profits per unit. So expect huge income increase but about same profit has last quarter.
Since CRUS is making the audio parts on all ipads, that stock next quarter is going to be nothing short of amazing.
The market prefers netbooks
The problem with netbooks is too many co. sells them. Competition is fierce and no one is making good profits out of them. They may still sell a lot, but profit is too low. Just like smartphone market, Iphone are not at the top in gross sales, but they sure are at the top on the profit side.
Is the iPad really that great or is it an OK product backed by a lot of hype?
It is hype. It is an Apple product isn't it? It is a large ipod touch. It is revolutionary just like the mac, the apple mouse, the iphone, the newton, the appleTV, etc, etc, etc. It will change your life. You won't know how you can live without it. browse the internet with something you can hold in your hand. Amazing. Manipulate pictures with your fingers. Unbelieveable.
I wish they'd get them in stock... been calling every day. I have the WiFi iPad and very much want to have connectivity all over. I was going to just order it online but I kept thinking it would come back into the store before long. So far, I've been wrong on that thought...
Do you have a Best Buy around you? They could have them. The do at the store here where I am. Have a lot of the Wi-Fi and just got a load of 20 3G iPads...
Do you have a Best Buy around you? They could have them. The do at the store here where I am. Have a lot of the Wi-Fi and just got a load of 20 3G iPads...
The thing I have noticed in the case of BestBuy VS AppleStore is Applestores received a constant stream of small shipments on a daily basis while Bestbuys tend to received large shipments weekly. So if your lucky your local Bestbuy may have just received some. I recommend buying over the phone and do a pickup to make sure you have one.
Do you have a Best Buy around you? They could have them. The do at the store here where I am. Have a lot of the Wi-Fi and just got a load of 20 3G iPads...
Where are you located? I have been into 20 best buy stores while travelling in NY, NJ and CA this week and not a single iPad to be had!
Well if troberts above is correct, perhaps you don't really want one you are a victim of hype! On the other hand as you already own a wifi one and want another one with 3G perhaps you should answer him directly
Yup. Hype, for sure. As the owner of two 3Gs, I am a victim......
Not.
The market prefers netbooks
The fact that the iPad is consistently sold out flies in the face of that claim, but let's assume for a moment it's true:
The manufacturers of netbooks are NOT happy selling them. The margins are tiny. Netbooks yield low single-digit profits while the iPad garners AAPL over 25% per unit. Who do you think is happy about that? Not Dell, not HP.
I wish they'd get them in stock... been calling every day. I have the WiFi iPad and very much want to have connectivity all over. I was going to just order it online but I kept thinking it would come back into the store before long. So far, I've been wrong on that thought...
Of course, you could always get MiFi. Yes, it's more expensive than the 3G data plan from AT&T for the iPad, but you can connect 5 devices to it at a time so if you have more than one iPad, laptops or phones you want to have wifi access it makes sense. Plus I hate AT&T so it's nice to have a Verizon device. Not to mention the fact that you can either go the full two year contract route or pay as you go. The only thing that may be a problem for some people is the 5GB limit. Hasn't been a problem for me though because I don't use it all of the time.
However, I love it even more now that I learned how to type on it! http://divelove.wordpress.com/2010/0...g-on-the-ipad/
I hope this helps people who were touch typists and were bothered by having to hunt and peck when in landscape mode...