Analyst Philip Elmer-Dewitt of Fortune reports Apple iPad sales to have crossed a record 25 million in the last holiday quarter. He suggested the sale rates of iPad will grow at a 10% every year based on the current statistics. A major hand in setting this record has to be of the Apple’s new and remarkable iPad Air.
Apple will officially announce its quarterly earnings on Monday January 27. Analysts however estimated the stats beforehand and the iPad sales come out to be between 21 million and 28 million, thus on average, 25 million iPad were sold in the Holiday quarter.
Dewitt took estimated sales from over 45 different analysts and then predicted an average and precise value for the iPad sales.
“The average estimate among all the analysts is 25 million iPads, up 10% from the same quarter last year.
The indies, as usual, are a bit more bullish than the pros. As a group, they’re looking for 16% growth, compared with the Street’s 8%. Unless they’ve updated their numbers, four sell-side analysts — Cowan’s Timothy Arcuri, Credit Suisse’s Kulbinder Garcha, Citi’s Glen Yeung and CLSA’s Avi Silver — still expect Apple to report a drop in iPad sales”, reports Dewitt
Apple could have really improved this score by providing a better supply rate of the new iPad with Retina display and by launching the delivery of the iPad Air earlier, which was introduced after the quarter was nearly over.
While the iPad Air broke some major sale barriers, its previous counterpart, the iPad 4 sold more units at a percent of 25 to 16, supply being the major reason for this much difference.
Apple will officially report its quarterly earnings on January 27, 2014 at around 1:30PM Pacific Standard Time / 4:30PM Eastern.