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TheStreet Open House

Strong Demand Seen for Apple's iPad

Stocks in this article: AAPL T VZ

NEW YORK ( TheStreet) - It's been a few days since Apple (AAPL - Get Report) announced the new iPad, which is already a winner with TheStreet's readers, according to a poll on Apple's latest offering.

Although the feature set of the new iPad was largely known ahead of its launch, this has hardly hindered its popularity with consumers. More than 75% of the readers polled by TheStreet said that they would buy the tablet.

Of the 2,094 people who voted in the poll, 730, or 34.86% of respondents, said they had pre-ordered it already, reflecting strong demand for the product. A note on the Apple website, for example, says the new tablet is available in 2-3 weeks. The day the iPad was announced, Apple said it would ship on March 16.

More than 40% (40.87%) of those who voted, or 856 people, said they would "buy it eventually," but would not buy it right away. Some 14.99% of voters said they already owned an iPad, and did not see a reason to upgrade to the new tablet.

Just 9.26% or 194 of those who took the poll, voted, "I will buy another tablet or none at all."

J.P. Morgan analyst Mark Moskowitz called the new iPad a quality upgrade based off the tech specs. "The improved technology specs of the new iPad should sustain Apple's market leadership, in our view, and the company's market leadership through innovation stands to continue," Moskowitz wrote in a recent research report. He rates Apple "overweight" with a $625 price target.

The iPad includes Retina Display and Long Term Evolution (LTE) capability to run on 4G networks from AT&T (T - Get Report) and Verizon (VZ - Get Report). The 9.7-inch tablet also has a new iSight back-end 5 megapixel camera, and a quad-core microprocessor.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to http://twitter.com/commodity_bull.

>To submit a news tip, send an email to: tips@thestreet.com

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