Apple iPad 2 is officially sold out


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Apple’s iPad 2 is officially sold out, selling in excess of 450,000 units on the first day of its official release in the US.

The news comes via Deutsche Bank’s Chris Whitmore who claimed that the iPad 2 launch is “one of Apple’s most successful product launches to date.”

The lion’s share of iPad 2 devices were sold on Friday, according to analyst firm Piper Jaffray.

Gene Munster, an analyst at Piper Jaffrey, found that Apple’s iPad 2 stocks have yet to be replenished, which should make trying to get an iPad 2 quite interesting over the coming days.

But that’s not all. Munster also surveyed 236 potential iPad 2 buyers and found that 70 per cent of them were new to the iPad. In addition to this, nearly half of the surveyed group were opting for the more expensive 3G-enabled iPad 2.

Here’s what Munster said to CNN:

 “We believe this shows Apple is expanding its base of iPad users, which is critical to maintaining its early lead in the growing tablet market.”

He added: “As the user base grows Apple’s lead widens, and the company has a proven track record of building unmatched brand loyalty, which we believe will be a potent combination as the tablet market evolves.”

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