Ipad Release - Sales are not as high as expected according to some analyst

The above picture shows consumers lined up outside of an Apple store in San Francisco.




Although Apple has not given an exact number on its anticipated sales, several analysts such as Piper Jaffray analyst Gene Munster, had anticipated even higher sales projections of 600,000 to 700,000 units. So far reports are showing around 300,000 ipads sold around the U.S. from Saturday to Monday from it's release date. This number seems astounding simply because the when the iphone was first released it sold 270,000 units in the first 30 hours. From most of my findings it seems to be more heresay than anything else at this point. One good piece of news is that more than one million applications and 250,000 e-books from iBooks during the first day. It seems as if Apple and most analyst are waiting for the quarter to end (June) so that they can get a better sense of how many ipad's were sold and if they were able to meet a quota, if any.