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Apple Inc. began selling its much-anticipated iPad on Saturday, drawing eager customers intent on being among the first owners of a tablet-style device. People wait in line to purchase the iPad outside the Apple store on Fifth Avenue in New YorkThe reactions were mixed. One of the dudes smashed his iPad in street
While for others it was an important achievement of their life. Cheline Lundin of Chicago was the first in line at the Apple store on the Magnificent Mile in Chicago. She had been there since Friday morning.
Mr. Cao came to New York from China. He was waiting in line at the Fifth Avenue Apple store for an iPad night before the launch.
Hundreds people stand in line in a steady rain to purchase or pick up Apple’s iPad at the Apple store in downtown Chicago
Apple Inc’s iPad hit store shelves on Saturday after months of intense buzz, giving shoppers their first chance to decide whether the tablet device is worth all the breathless
Apple workers open the door on the first day of Apple iPad sales at an Apple store in San Francisco, Saturday
Apple’s top model Elise Frappier is expected to run iPad commercials
But many rejoiced that they got one even without seeing a commercial
The iPad’s initial sales may have reached 700,000 units, Piper Jaffray & Co.’s Gene Munster said in an interview Sunday. The Minneapolis-based analyst previously predicted sales of 200,000 to 300,000, while Sanford C. Bernstein & Co.’s Toni Sacconaghi projected 300,000 to 400,000.
According to Philip Elmer-Dewitt , editor of Apple 2.0, “At least six analysts -Reitzes, Munster, Reiner, Fidacaro, Craig and Bailey – have raised their Apple (AAPL) share price targets (to $285, $284, $265, $260, $250 and $240, respectively).” De-Witt has also created a chart to track analysts’ iPad unit sales projections. Guesstimates in 2010 range from a low of 1.1 million (Oppenheimer) to a high of 7.0 million (Broadpoint AmTech). The projections for 2011 are more optimistic with a low guess at 3.5 units (Canaccord Adams) and 13 million on the high side (Brodpoint AmTech). See chart below.
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