More than a month and a half since its release, the iPad continues to be a hot seller. So much so that iPad shortages continue to plague Apple Stores nationwide.
In a recent note to investors, Piper Jaffray analyst Gene Muster wrote that 74% of the 50 Apple retail stores he contacted were completely sold out of all iPad models. And the stores that still had iPads in stock only had the wi-fi model available, meaning that the iPad 3G was completely sold out in each and every Apple Store Jaffray contacted.
“We note that the stores have implemented a reservation system, by which customers can request to be placed on a waitlist for future iPad shipments, notified upon arrival, and given 24 hours to pick up the iPad,” Munster stated. “One Apple store representative indicated that the in-store reservation system typically takes 4-7 days.”
Moreover, Munster observes that the shipping time for iPads ordered from Apple’s website is now 7-10 business days, up from a previous wait time of 5-7 business days.
There’s no doubt about it – the iPad is quietly becoming a monster. Well, either that, or Apple is keeping initial supplies unusually low so as not to exceed demand. The answer probably lies somewhere in the middle.
via All Things D