Apple iPad 2 story updated with comment from Apple.
NEW YORK (TheStreet) -- Apple's (AAPL) aggressive international rollout for its next-generation iPad is laying the foundation for a significant sales boost during the coming months, according to analyst firm Ticonderoga Securities.
"The iPad 2 momentum at the end of March positions Apple well to benefit from a healthy uptick in demand in the June quarter," said Brian White, an analyst at Ticonderoga Securities, in a note released on Monday. "Given the faster [iPad] launch this year, continued serial stock [sell]outs, limited competition and the increased legitimacy of the tablet category, we expect big iPad 2 numbers from Apple."
|Apple's store in the Liverpool ONE shopping center in Liverpool, England.|
Apple sold 300,000 of the original iPad on its launch day last year. Investors are looking for a figure around 1 million for the iPad 2's launch day. The new iPad made a strong U.S. debut earlier this month, with widespread sellouts reported.The iPad 2 international launch last week looks set to continue this trend. "Our checks indicate that iPad 2 sold out within a couple of hours at Apple stores in Germany," wrote Ticonderoga Securities' White. Stores in the U.K., such as London and Liverpool, along with other international stores in Paris, Zurich, Toronto and Barcelona, were "in the same boat," according to the analyst, who noted hundreds of people waiting in line and sellouts during the first day. "Demand for the next generation iPad 2 has been amazing," said an Apple spokeswoman, in an email to TheStreet. "We are working hard to get iPad 2 into the hands of every customer who wants one as quickly as possible." The launch schedule for the iPad 2 is set at a much faster pace than the one for the original version. The iPad 1 hit U.S stores on April 3 last year; its international debut, in nine countries, occurred on May 28. "The iPad 2 is now available in 26 countries before the end of March this year, versus 19 countries for the iPad 1 by the end of July 2010 and 25 countries by the end of September 2010," White noted. In other Apple news, the company announced Monday that its Worldwide Developers' Conference (WWDC) will take place at San Francisco's Moscone Center between June 6 and June 10. The consumer tech giant used last year's WWDC to launch the iPhone 4, and there has been speculation that Apple will debut the iPhone 5 at the 2011 event. The press release, however, seemed more centered on software and OS announcements. "At this year's conference we are going to unveil the future of iOS and Mac OS," said Philip Schiller, Apple's senior vice president of worldwide product marketing, in a statement released on Monday. Shares of Apple rose $1, or 0.29%, to $352.54 Monday morning, outpacing the modest uptick in tech stocks that saw the Nasdaq rise 0.32%. --Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV