iPad Sales in Last Quarter: Analysts’ Estimates Range from 12.3M to 16M

[RaduTyrsina]

According to a recent story on Fortune.com, Apple is said to have sold an average of 14.43 million iPads. The publication polled 26 analysts who are expecting iPad sales to be lower this quarter than they were the same quarter last year. Here are more details from the report:

The average estimate — 14.35 million — suggests that iPad sales were down sequentially and flat year over year. But behind that average is a rather wide range, from a high of 16 million (submitted by Asymco’s Horace Dediu and Hilliard’s Stephen Turner) to a low of 12.26 million (from Canaccord’s T. Michael Walkley).

Second-quarter iPad unit sales were down 16% year over year, from 19.5 million in Q2 2012 to 16.4 million in Q2 2013. According to Tim Cook, the decrease was caused by fluctuating inventory levels instead of slowing consumer demand.

However, Apple will report its fiscal Q3 2014 earnings after the markets close tomorrow so we'll find out whether sales have bounced back or if they'll decrease, just as most of the analysts have assumed.

Source: Fortune