Apple Hit with Overwhelming iPad Pre-orders

Submitted by lalit on March 12, 2010 - 1:35pm.

Apple started taking pre-orders for new iPad today morning and reports are coming in that Apple has been hit by overwhelming iPad demand. Andrew Erlichson CEO of Phanfare wrote on his blog that Apple is currently selling 20,000 iPads per hour. He posted:

We just bought two iPads, about 30 minutes apart. Our order IDs are 10,000 apart. Assuming those order IDs are sequential, and they appear to be, then Apple is selling 20,000 iPads per hour. Assuming most orders are for the $499 model, and that people are only buying 1 per order, that means Apple is selling $10MM/hour. Of course that is not sustainable, but if they did it for a year, it would be $87.6B.
Now, of course, we can’t be sure every order was for an iPad. Apple does sell other stuff. But at 830am in the morning on the east coast, my guess is that most of the orders were for iPads.

Also Macdailynews is reporting “Multiple iPad buyers have been told by Apple reps that in order to do such a change (delivery to in-store pickup), the delivery order would have to be cancelled and a new in-store pickup order completed, but that iPad orders have been “so overwhelming” that new iPad orders may not be available for pickup on April 3.”

If the above news is true and Apple is experiencing such high demand for iPad, the company will get about half million pre-orders within 24 hours and they might run out of expected 1 million iPad units for April 3rd launch with in few days.