This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

iPads Sold in 2010 Could Exceed 4 Million

By Trefis.com

NEW YORK (TheStreet) -- Apple (AAPL) recently announced that it sold 1 million iPads within the first 28 days after the April 3, 2010 launch of the device in the U.S. In comparison, it took 74 days for Apple to sell one million iPhones in 2007 and Amazon (AMZN) sold only about 1 million Kindle e-reader devices in total throughout all of 2009.

Furthermore, the new iPad 3G is off to a good start, having sold an estimated 300,000 units over the weekend of April 30. Based on the strong demand for the iPad thus far and the fact that the holiday season for 2010 could trigger an even bigger response, iPad unit sales may exceed our forecast of 4 million iPads sold in 2010.

We estimate that the iPad constitutes 4% of the $294 Trefis price estimate for Apple's stock and that there could be an additional 3% upside to our Apple estimate if iPad unit sales were to exceed our forecast by reaching as high as 10 million units by the end of 2010.

Even if Apple were to sell 10 million iPads in 2010 and about 24 million by the end of forecast period, our Apple estimate would not exceed $310.

iPad Sales to Reach 4 Million Units in 2010

We currently forecast that iPad sales will reach 4 million units sold in 2010. In comparison, we forecast that Amazon will sell only 2 million Kindles in 2010. Apple sold about 3.7 million iPhones in 2007 after launching the device in June of that year and it subsequently sold nearly 14 million iPhones during 2008.

Given the strong performance of iPad sales and the past performance of iPhone sales, you can modify our forecast above to see how Apple's stock could be impacted if iPad sales were to exceed our forecasts.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,915.07 -70.54 -0.42%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2040 -22.83 -0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs