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Day 1: iPad sales top 300 000

Washington - Apple said Monday that it sold more than 300 000 iPads in the United States on its first day of availability, a figure in line with the predictions of some analysts but fewer than others expected.

Apple said the sales figures for the iPad included pre-ordered shipments of the tablet computer and purchases at retail stores around the United States on Saturday.

The sales numbers for the eagerly anticipated touchscreen multi-media device appeared to cheer investors as Apple shares gained 1.07% on Wall Street on Monday to close at $238.49.

The Cupertino, California-based company also said iPad users downloaded more than one million applications at Apple's App Store during the first day and over 250 000 electronic books from Apple's iBookstore.

"It feels great to have the iPad launched into the world - it's going to be a game changer," Apple chief executive Steve Jobs said in a statement.

Apple did not release sales estimates ahead of the release of the iPad and analysts had been mixed on their expectations for the device.

Most analysts had predicted Apple would sell between 300 000 and 400 000 iPads by the end of the weekend.

The Wall Street Journal quoted Piper Jaffray analyst Gene Munster, however, as saying he expected sales of between 600 000 and 700 000 units.

Credit Suisse, which had provided a rough estimate of iPad sales of 400 000 to 500 000, described the 300 000 figure as a "solid number for a single day of sales."

Technology analyst Carmi Levy said it was difficult to interpret first-day sales figures "especially when the device in question is so unique that it can't be realistically compared to similar, competing devices."

"While first-day sales don't represent enough of a sample size to accurately predict long-term sales performance, I can think of many companies that would give anything to sell 300 000 units in the first 24 hours of availability," Levy said.

Credit Suisse estimated iPad sales of 4.8 million units in 2010 and 8.7 million units next year. Morgan Stanley analyst Katy Huberty forecast iPad sales of six million units this year.

The iPad allows users to watch video, listen to music, play games, surf the web or read electronic books. It runs most of the 150 000 applications made for the iPod Touch and the iPhone.

The model that went on sale Saturday features Wi-Fi wireless connectivity, while a model offering both Wi-Fi and 3G cellular connectivity will be released in late April.

The cheapest iPad model, with Wi-Fi connectivity and 16GB of memory, is $499 while the most expensive - which includes 3G connectivity and 64GB of memory - costs $829.

The iPad has a 9.7-inch (24.6-centimetre) colour screen and resembles an oversized iPhone. It is 0.5 inches (1.3 centimetres) thick, weighs 1.5 pounds (0.7kg) and comes with 16, 32, or 64 gigabytes of memory.

Wi-Fi and 3G models will be available in Australia, Britain, Canada, France, Germany, Italy, Japan, Spain and Switzerland in late April.

Apple has been pushing the iPad's abilities as an e-book reader and analysts have described the tablet computer as a potential rival to Amazon's Kindle.

Unveiling the iPad in January, Apple CEO Jobs hailed it as a "revolutionary" device and said he was taking a gamble by trying to carve out an entirely new product category between the laptop computer and the smartphone.

Reviewers have been mixed on whether the iPad will be a smash hit like the iPod, which controls over 70 percent of the market for MP3 players, or the iPhone, which completely transformed the smartphone arena.

While Apple was lauding its first-day sales figures, a Los Angeles-based company called EMG Technology said Monday that it plans to add the iPad to a patent infringement lawsuit it has filed with a Texas court.

EMG Technology's pending lawsuit accuses Apple of patent infringement in a number of products, including the iTunes Store, iPhone, iPod Touch and Apple TV. The case is scheduled to be heard in September 2011.

- AFP

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