Apple Can't Keep Up With iPad Demand
Apple sold almost 5 million iPads during its March quarter--and it still couldn’t keep up with the demand, company executives said during a quarterly earnings call on Wednesday.
CFO Peter Oppenheimer said the company has not been able to keep its preferred 4-6 weeks of inventory. "We sold every iPad 2 we could make during the quarter and would have liked to have ended the quarter with more channel inventory."
A total of 4.67 million iPads were sold--including both the older and newer models. The company recognized $2.8 billion on revenue