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Apple with a new sales record: 20 million iPads in its fiscal Q3, says analyst

Apple with a new sales record: 20 million iPads in its fiscal Q3, says analyst
With all the news surrounding the Nexus 7 and other popular Android tablets like the Amazon Kindle Fire, you may have though that the iPad is soon to lose its leading position. Well, think again, as the recent market performance of the tablet has led Needham & Company analyst Charlie Wolf to revise his projection for the number of units Apple's has moved in the June quarter.

This is actually an update to Wolf's previous projection which viewed Apple selling about 13.5 million iPads. However, in a note to investors, the analyst has admitted that his previous estimation has been "hastily formulated", explaining the significantly higher number this time.

Wolf goes on to say that it's only a matter of time before iPad sales surpass iPhone sales, which does sound a bit too optimistic to us, but who knows. Anyways, if his prediction of 20 million iPads sold does turn out to be true (this will become clear on July 24, when Apple's going to announce its fiscal Q3 earnings), then this would mean a new record quarter for the iPad, as well as an over 100% increase in sales, compared to the same period of last year.

source: AppleInsider

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