DigiTimes: Apple shipping 1.2 million iPads per month

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In a post this morning, DigiTimes analyst Kuo Ming-Chi stated that Apple, Inc. is currently shipping close to 1.2 million iPads per month. Ming-Chi also went onto note that, “the monthly shipments may reach 2.5 million units by the end of 2010.” The analyst’s estimates are based on information obtained from iPad supply-chain manufacturer LG. LG shipped somewhere between 800,000 and 900,000 9.7-inch LCD displays to Apple last month; Ming-Chi also estimates that the panels cost Apple roughly $80 – $90 each. It is unclear how accurate the 2.5 million unit projection is, however, assuming there is some shred of truth to it (and assuming all the iPads sold were the low end 16GB Wi-Fi model) $499 x 2.5 million is roughly $1.25 billion in gross sales…and that’s every month.

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