Piper Jaffray projects Apple to sell at least 1 million new iPad units on launch day

“Analyst Gene Munster with Piper Jaffray said in a note to investors on Monday that he expects Apple will sell more than a million iPads on Friday when the new model hits shelves,” Neil Hughes reports for AppleInsider.
“Back in 2010, Apple sold more than 300,000 iPads on the first-generation product’s launch day. Supply for the iPad 2 launch was very constrained, and Apple did not give a launch-day sales figure,” Hughes reports. “For the third-generation iPad launch, Munster drew a comparison to the iPhone 4 debut in 2010. He noted that since the launch of the first iPad, Apple has sold just over 55 million iPads, while the iPhone 4 debuted in 5 countries after Apple had sold over 50 million iPhones through the March 2010 quarter.”

Hughes reports, “As of Monday, new iPad orders have an estimated shipping date of two to three weeks. Shipping dates began to slip last Friday, after the new iPad was available for preorder for less than two days.”

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