Analyst: About 700,000 iPads Were Bought On The First Day

Apple Inc. (NASDAQ:AAPL) has sold about 700,000 iPad devices on the first day. Apple co-founder Steve Wozniak joined a pre-iPad vigil at 6PM Friday at Valley Fair mall in San Jose. And Apple CEO Steve Jobs greeted customers at the Apple store on University Avenue in Palo Alto.

Some customers that were able to get their hands on the $699 64GB device attempted to resell it on Craigslist for $1,000.

Piper Jaffray analyst Gene Munster initially expected that about 300,000 iPads would be sold during the weekend. The numbers were revised upwards to about 600,000-700,000 on the first day. [MercuryNews]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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