NASDAQ:AAPL – Apple Shares Up on iPad Sales Growth

NASDAQ:AAPL – Apple Shares Up on iPad Sales Growth

This past Friday was the first day the public was able to go to an Apple retailer store, walk in, and purchase an iPad WiFi and the much anticipated iPad 3G + WiFi. Now both iPad products are in stores and ready to purchased.

iPad Hits 1 Million Mark, Out Paces iPhone

Reports are just coming out over the iPad 3G sales numbers over the weekend, and some estimates say that Apple has sold about 300,000 iPads over the past three days.

This brings the total figure of iPads sold to over 1 million.

The news about Apple iPad sales have definitely hit Wall Street. Apple shares (NASDAQ:AAPL) are up +6.26 (2.40%) trading at $267.35 on the NASDAQ.

Future Apple Announcements

Some other announcements that me be having a positive impact on Apple shares are:

1) iPhone 4G expected announcement (possibly on June 7th)

2) Future announcements of Apple expanding the iPhone beyond just AT&T

Meanwhile, even though the Apple stores are well stocked with iPad, the Apple online store is reporting a waiting time of five to seven days to fulfill new orders for an iPad 3G, as well as Wi-Fi only iPads.

For its part, electronics retailer Best Buy is only selling the units in select stores, “in limited quantities, no rainchecks,” according to a note on its Web site.

Best Buy is not selling iPads over the Internet, according to InformationWeek.com.