Apple Successfully Launches iPad 2

Apple may sell almost over half a million units of its second generation tablet, iPad 2, as evidenced by the long lines in retail stores.

iPad 2 Launch Pioneer Square

One analyst increased his estimate after seeing the demand from iPad 2 as it draws longer lines than last year. The previous launch, Apple sold 300,000 units of the original iPad in 1 day.

Below, you can see a video from American Society TV featuring the iPad 2 launch in Galleria Mall in Florida:

The head start Apple has over its competitors is pretty huge as iPad is the fastest-selling tech product in history (based on revenue). It generated $2 billion just before 3 months since its release last year.

Additional retail outlets and the option to choose the color of your iPad (black or white) will probably rake in more sales. 236 Apple stores handled the launch of iPad 2. Also, more than 10,000 stores ranging from AT&T to Verizon, Wal-Mart to Best Buy and even Target.

Last year, all it took was 28 days before Apple reached 1 million sales. This time, Gene Munster, an analyst at Piper Jaffray, expects to beat it faster as the lines this launch are longer, the tablet is available on a wider range and there are still backlog of pre-orders online.

Best Buy located in San Francisco was able to sell its entire inventory during the launch while some Apple stores ran out of stock in just a couple of hours. Some staff does not know how many units will be available the following day.

Image courtesy of David Chilstrom on Flickr.

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