200 Million iPads Update
Back in September, I estimated that Apple would sell 200 million iPads by the end of 2012. It looks like I was a little too optimistic.
Apple just reported stellar quarterly results. However, iPad sales growth was not quite as strong as Apple’s initial sales seemed to indicate. Two years after introduction, the iPad is selling better than the iPhone did two years after its debut. But it looks like it may take one extra quarter for Apple to hit 200 million iPads.
Actual Results
- Apr to Jun 2010: 3.27 million
- Jul to Sep 2010: 4.19 million
- Oct to Dec 2010: 7.33 million
- Jan to Mar 2011: 4.69 million
- Apr to Jun 2011: 9.25 million
- Jul to Sep 2011: 11.1 million
- Oct to Dec 2011: 15.4 million
Estimated Results
- Jan to Mar 2012: 11.8 million
- Apr to Jun 2012: 23.4 million
- Jul to Sep 2012: 28.0 million
- Oct to Dec 2012: 38.9 million
- Jan to Mar 2013: 29.9 million
Disclosure: I own AAPL stock.
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