700,000 iPads sold? (Updated)

Some may be shocked to read today that Piper Jaffray analyst Gene Munster puts the number of iPads sold by midnight Sunday between 600,000 and 700,000 iPads. Think about that!

When you consider that the iPad had a lukewarm reception when it was revealed to the world, this really is an astounding figure, if it is correct. Apple took over 70 days to sell 1 million iPhones when they launched the first generation model!

In a report to clients issued Saturday night, Munster’s estimated that by midnight Sunday, Apple will have sold 600,000 to 700,000 iPads, including pre-orders — more than double his relatively conservative pre-launch estimate of 200,000 to 300,000. (Other analysts had published estimates of 300,000 to 400,000.)

The validity of the source of this estimate might come into question, but if the figure is anywhere near the ballpark, Apple must be excited!
[ Source VIA Mashable]

Update: It was 300,000 – still not bad. Apple Press release below

CUPERTINO, California—April 5, 2010—Apple® today announced that it sold over 300,000 iPads in the US as of midnight Saturday, April 3. These sales included deliveries of pre-ordered iPads to customers, deliveries to channel partners and sales at Apple Retail Stores. Apple also announced that iPad users downloaded over one million apps from Apple’s App Store and over 250,000 ebooks from its iBookstore during the first day.


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