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Apple Could Sell 12 Million New iPads In This Quarter Alone

Last Monday Apple announced that it had sold a record 3 million new iPads since the launch, only 4 days previously. With the new iPad being released in 24 additional countries starting tomorrow, the sales of the latest tablet are expected to rise even more. Apple has already affirmed the release of this new iPad to be the strongest launch to date.

Analyst for UBS Maynard Um is predicting a record 12 million sales of the new iPad for this quarter alone. “Apple has sold ~750,000 new iPads per day since launch on Friday,” Um said in a briefing note to clients. “If there are no supply shortages, this would imply a run rate of ~12 million new iPads between launch and the end of the quarter. We continue to believe there could be upside to our 12 million estimate for the quarter.”

Apple has also dropped the price of its existing tablets, making the iPad 2 just $399. Though the predicted 12 million is for the new iPad only, with the new price of the iPad 2, Apple's grip on the tablet market can only strengthen.