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iPad to sell 65m units in 2012, say analysts

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Apple will sell a record number of iPads in 2012, according to analysts Canaccord Genuity.

The research firm predicts that the launch of the new iPad will inspire sales figures of more than 65 million units over the course of the year.

Apple CEO Tim Cook introduces the new iPad

© PA Images / Paul Sakuma/AP



Apple announced earlier today that its UK stores will open at 8am on Friday (March 16) to help cope with the opening day demand for the tablet. It was confirmed earlier this week that pre-order stock has already sold out.

Analyst Gene Munster of Piper Jaffray previously predicted that the third generation slate will shift more than 1 million units in its opening day. T Michael Walkley and Matthew Ramsay of Canaccord Genuity have echoed this claim.

"With our checks indicating record pre-orders and two to three-week wait times for new iPads, we anticipate a record launch this weekend," they told Reuters.

The pair went on to say that Apple's rivals in the tablet market will struggle to compete with the new iPad over the coming fiscal quarters.

"While Samsung appears to have the most competitive Android tablet offering, we view Windows 8 as a greater longer-term threat to Apple's dominant iPad share than Android tablets," they argued.

The new iPad will land with a Retina display, A5X processor and 4G connectivity, as well as an iSight camera capable of Full HD 1080p video recording capabilities with video stabilisation and noise reduction.

Those hoping to purchase the device on March 16 will have to queue up at Apple's retail stores, or visit official resellers.

> Apple to release 'new iPhone' this summer?
> New iPad pictures: Features and updates - photo gallery

Watch a video introducing the new iPad below:

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