iPad 2 Had Everyone Going Nuts Over The Weekend, Sells Out In Hours

By Allen Starbury  |  03/15/2011

iPad 2Apple had almost everyone going crazy over the weekend, scrambling to be the first to purchase the new iPad 2 ... and they all flew off the shelves. Yes, all of them.

According to reports from several major media outlets, retailers couldn't keep the iPad 2 on their shelves and as of Monday (March 14), they were sold out.

Several store locations such as Best Buy, Target, Wal-Mart, and even Apple stores were outta stock of the item within hours of its release.

The Wall Street Journal says that sales for the iPad 2 were in the range of 400,000 to 600,000 units during its first three days on the market, while other media said sales were closer to 1 million.

As of Monday (March 15) online orders from Apple's site were estimated to take nearly a month.

Sales figures have not been disclosed by Apple, as of press time.

Trudy Muller, a spokeswoman for Apple, told the WSJ that the company was "working on getting the iPad 2 into the hands of every customer who wants one as quickly as possible." She called the demand "amazing."

The new iPad is thinner than its predecessor, lighter and more powerful. It boasts a camera in the front and back for video conferencing, which takes both photos and video. The models range from $499 to $829, the same as the original model.

Analysts originally thought that since the iPad 2 was simply an upgrade of the original that the demand wouldn't be as great, but boy were they wrong.

"We didn't expect anything close to this,"Gene Munster, an analyst with Piper Jaffray & Co., told WSJ, adding that Apple probably could have sold more iPad 2s if it had more of them in stock.

The iPad 2 is set to launch in 26 other countries on March 25, and are expected to sell about 6 million units by the end of March.

The Los Angeles Times did a video review of the new gadget, with the headline reading "iPad 2 Lives Up To Some Of The Hype."