Gene Munster: Apple could sell 1 million iPads on first day

According to the highly upbeat projections by Piper Jaffray analyst Gene Munster, the sales of the forthcoming iPad iteration - the new third-generation iPad - will apparently surpass the much enviable `one million units' mark on the very first day of the scheduled, March 16, launch of the device.

Munster's estimated `Day 1' sales figures for the new iPad are three-fold higher than the debut-day sales of the first-generation iPad which was launched in 2010. That time round, Apple reached its first `one million units' sales milestone in almost one month's time. Even last year too, the iPad 2 took several days to touch the `one million' mark in sales.

However, going by the much positive first-day sales expectations of the new iPad, the `one million' landmark will apparently be touched - and also crossed - probably within hours of the tablet hitting the store shelves.

The new iPad's `Day 1' sales projections by Munster come close on the heels of reports that Apple has already sold out of the iPad's stock earmarked for the online pre-orders. As a result, customers who place online pre-orders for the new iPad now will have to wait for at least two weeks for their tablets to be shipped to them.

The expectations of an overwhelming demand for the new iPad appear to root in the fact that the tablet has been Apple's fastest-growing category in terms of sales --- leaping substantially from 3.2 million units during its first-ever quarter of availability to a whopping 15.43 million during the most recent quarter!