Wednesday, June 29, 2011

iPad Sales Figures Increased, Needham & Company

Charlie Wolf of Needham & Company analyst increased his estimates for iPad shipments in Apples' third fiscal quarter and for the whole year. Wolf suggested that increased demand will and raised 3Q2011 shipments from 7.5 million to 9 million iPads, along with 2011 estimates to 30 million iPad 2 tablets.

Wolf stated:

“While competitors have rushed to launch competing tablets, they have made an imperceptible dent in the trajectory of iPad sales,” “They have been unable to undercut the price of the iPad; and they’re fallen woefully short in matching its features, ease-of-use and the number of applications written for the device. Indeed, the only risk in our forecast is on the supply side, not the demand side.”

Mac shipment projections were also raised from 3.75 million to 4.25 million for 3Q2011 and 17 million units for this entire year. 4Q2011 iPhone estimates were reduced from 17.5 million units to 16 million due to the expected iPhone 4 shipments being reduced before the iPhone 5′s launch in September. Total iPhone shipments are expected to be around 66 million units.

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