March 30, 2010 by Andre
With the launch of the iPad imminent it is no surprise that Apple shares have risen. This has been helped along by the prediction that Apple could sell up to 10 million units of the tablet computer before the end of the year.
If this was to cone to fruition, Apple’s shares would be pushed to new highs and many of the critics questioning just how popular the iPad would be would have their answer.
Analyst at Morgan Stanley, Kate Huberty stated that iPad suppliers are forecasting huge shipments of 8-10 million units of the tablet by the end of December, all of which are expected to sell. This is up from previous estimates of around 5 million units.
Huberty also noted that the suppliers believe 2.5 million iPads will actually be shipped in the first 3 months of sales alone which would inevitably lead to hugely significant earnings for Apple.
Shares in Apple have risen by an impressive $2.06 to $232.96 based on the news that Apple will be shipping such a large number of iPads. This figure represents a 100% increase on the amount per share this time last year validating the success of the iPad before it is even released.
All of the predictions and estimates will be proven or shown to be absolute rubbish come this weekend when the iPad officially goes on sale in the US. The exact release dates for the UK are still ambiguous as ever, we should expect to be getting them by the end of April providing that the demand in the US is not to overwhelming.
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