Long Lines Persist for iPad 2

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The iPad 2 is still attracting such long lines at stores as shipments trickle in that analyst Charlie Wolf with Needham & Company is upping his forecasts for 2011 and 2012 by 10 million units each, said Apple Insider Tuesday.

The line around the block in a Manhattan store two weeks after Apple’s iPad 2 hit shelves is astounding (see video below). Of course, one reason seems to be that consumers are buying tablets on behalf of overseas shoppers, particularly Chinese customers, notes the article.

Still, the trend caused Wolf to up his sales forecast from 20 million iPads to 30 million this year and from 30 to 40 million units next year. He wrote, “… the launch of the iPad 2 so far exceeded our expectations that it was evident our 2011 and 2012 shipment forecasts were dramatically low.”

Also Tuesday IMS Research predicted tablet sales of 58 million units worldwide in 2011. Tablets will take a 23 percent share of the total portable PC market this year, up from an 8 percent share in 2010. Tablet sales for Q1 should amount to 8.8 million units worldwide.

Source: Apple Insider