iPad 3 demand exceeds all expectations. 66million to sell in 2012

We all knew the new iPad3 was a significant improvement when compared to the previous versions, but according to Analyst Michael Walkley with Canaccord Genuity Apple have already broken their own preorder records.

Genuity has checked with Apple's distribution channels and the orders are already backlogged for weeks. The initial stock sold out in the first 48 hours of going on pre-order. New orders are now taking three weeks to ship in America, with the United Kingdom in a similar situation.

He expects Apple to sell 65.6 million iPads in 2012, a projection which has exceeded the initial figure by a staggering 10 million. He added that he would expect Apple to sell 90.6 million iPads in 2013, which is an increase on his previous estimate of 79.7 million.

If these figures are close to accurate then Apple will continue to dominate the tablet sector, capturing more than 60 percent of overall sales.

Kitguru says: Apple to be worth a trillion dollars in the coming years? It doesn't seem like such a long shot now.

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