Apple to sell 65.6 million iPads this year, sees record pre-orders: analysts

Wed Mar 14, 2012 9:56am EDT

(Reuters) – Apple Inc is observant record pre-orders for a latest iPad with wait times for shipping a inscription now reaching dual to 3 weeks, pronounced Canaccord Genuity analysts, who now design a association to sell 65.6 million iPads this year.

Last week, Apple’s Chief Executive Tim Cook introduced a rarely expected third iteration of a iPad, that is accessible for pre-orders from Wednesday and will strike store shelves Mar 16.

“With a checks indicating record pre-orders and 2-3 week wait times for new iPads, we expect a record iPad launch this weekend,” pronounced analysts T Michael Walkley and Matthew Ramsay.

They lifted their iPad section guess to 65.6 million from 55.9 million for 2012, and to 90.6 million from 79.7 million for 2013, observant rivals will expected onslaught to deliver rival products over a subsequent integrate quarters.

The analysts lifted their cost aim on Apple batch to $710 from $665, and confirmed their “buy” rating.

Apple’s pricing of a new iPad will assistance a association to say widespread share of a flourishing inscription market, and serve dig verticals such as craving and education, a analysts said.

“While Samsung appears to have a many rival Android inscription offering, we perspective Windows 8 as a larger longer-term hazard to Apple’s widespread iPad share than Android tablets,” they added.

Apple shares rose about 2 percent in premarket trade. They sealed during $568.10 on Tuesday on a Nasdaq.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Tenzin Pema and Gopakumar Warrier)

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