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Apple iPad sales 'pass half a million'

Apple iPadEaster weekend proved huge for Apple, as sales of the iPad reportedly blasted past half a million units sold.

Although the figures have yet to be confirmed, analysts claim the iPad sold between 600,000 and 700,000 tablets. Apple itself said that it sold more than 300,000 iPads on the first day.

"It feels great to have the iPad launched into the world - it's going to be a game-changer," said Apple CEO Steve Jobs in a press release. App and eBook sales were also excellent, he claimed. "iPad users, on average, downloaded more than three apps and close to one book within hours of unpacking their new iPad," said Jobs.

Huge lines and thousands of pre-orders still didn't wipe inventory clean, according to the Wall Street Journal. "Unlike what happened at the 2007 debut of Apple's iPhone, few stock outages were reported," the paper noted.

It's also important to take into consideration that many Apple stores were closed on Easter Sunday, which would have affected total sales.

Apple stock is expected to soar, partially due to iPad sales. According to Mark Moskowitz of JP Morgan Research, the December 2010 price target for Apple stock will rise to $305, up from $240.

If the numbers are accurate, it's only a matter of time before the iPad reaches its millionth sale and truly becomes a jewel in Apple's crown.

See also:

Apple iPad review

Apple iPad news spotlight

Apple news

PC World

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