iPad Sales Drop After First Day of Pre-Orders

Following the report by AAPL Sanity Board of 120,000 pre-orders on the first day, they also believe that sales dropped dramatically after the first day. They calculate pre-orders as clocking in at around 1,000 per hour on Saturday and Sunday which is a huge difference from the 25,000 an hour reported when the orders first began. The group estimates are based on a sample of 120 orders for 137 iPads over the course of 39 hours. Over 72 hours, they’re pegging the orders (not counting in-store pickups) as 152,000, with a probably half-million by launch.

Daniel Tello, the Venezuelan blogger-analyst who crunched all the numbers says, “My best guess, although very tentative given the early stage and few data we have so far, would be that they hit the 1 million unit milestone by the second week after it ships.”

[CNN]