iPads Fly Off Shelves

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Friday, March 16, 2012 - 2:40pm

Enthusiastic crowds scoop up latest generation of Apple's popular tablet.

Apple's newest version of the iPad hit stores shelves Friday, and with online pre-orders sold out, that meant many tech fans in the U.S. and nine other countries lined up to buy the new tablet.

The iPad's upgrades were once again enough to entice consumers to sit bundled up for hours in Denver and sleep in line in Delaware, all for the chance to be among the first grab newest variation of the top selling tablet.

It's a fervor unique these days in American retail.

"This is the only consumer products company you see with lines at all," says Morgan Keegan tech analyst Tavis McCourt.

McCourt says that brand loyalty bodes well for Apple's current 60 percent share of the tablet market.

"If Apple can get through 2013, maintaining the share, then certainly, it's game, set, match," he says.

With the iPad wait now over, one for the next iPhone is likely just months away.

Some analysts anticipate Apple selling a million iPads today alone.

The company kept the price for its new iPad at $499 for the base model, but is still selling its iPad2 for one hundred dollars less, $399.
 

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