iPad 2 sells close to one million units

Device was sold out across the USA on Saturday afternoon after debuting on Friday morning

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iPad 2 sells close to one million units The iPad 2 has sold almost one million devices in the first weekend of sales according to analysts. (Getty Images)
By  Georgina Enzer Published  March 15, 2011

Close to one million Apple iPad 2s were sold during its debut weekend, according to analyst companies contacted by Reuters.

Analyst firms Wedbush Securities, Ticonderoga Securities and Global Equities Research have put sales figures at around one million devices sold.

"Our field checks over the weekend indicate that the iPad 2 sold out at every Apple and non-Apple store we contacted," Ticonderoga Securities analyst Brian White told Reuters. "In fact, all the stores had worked through iPad 2 inventory by Saturday afternoon, and there were no new iPad 2 deliveries on Sunday."

Thousands of eager customers waited in queues outside Apple stores, AT&T and Verizon Wireless outlets, as well as Target, Wal-Mart and Best Buy stores on Friday for the iPad 2 to go on sale.

Best Buy has announced that some of its stores ran out of iPads within 10 minutes.

"We would not be surprised to see Apple sell closer to 1 million iPad 2's in the opening weekend," said Wedbush Securities analyst Scott Sutherland.

According to Apple's official blog, the iPad 2 was completely sold out across America by Saturday afternoon, although many stores are expecting fresh shipments on March 15th and some plan to open early for sales.

The iPad 2 will launch in 26 more countries on 25th March, although Apple warns the massive sales across the US may delay launches in other regions.

Apple's shares rose 0.6% to $354.20 in morning trade on the Nasdaq, even as shares of many other technology companies slumped.

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