The iPad is selling like hot cakes! 90,000 pre-orders in the first day!

If figures being reported are correct then the iPad has already sold over 90,000 units in its first day of pre-orders.

Fortune’s Phillip Elmer-DeWitt announced that “51,000 orders in two hours” had been completed shortly after noon on the first day.

Many high profile bloggers have been reporting on their order details and Andrew Erlichson wrote “We just bought two iPads, about 30 minutes apart. Our order IDs are 10,000 apart. Assuming those order IDs are sequential, and they appear to be, then Apple is selling 20,000 iPads per hour.”

Andrew’s opinion could be slightly off, as those figures could simply be all Apple Store orders made over that period of time. But in any case those figures won’t include pre-orders for in-store pickup, or multiple orders. You can currently buy two iPads per person, and store orders don’t count in those kinds of sales figures as no purchase is made.

Victor Castroll from the Valcent Financial Group and AAPL Sanity had this to say:

“We’re at 90k in 6 hours. Keep in mind, this doesn’t include multiple orders but we have some dirty data from regular Apple business which now is about 4k orders out of the 88k orders. So, we estimate Apple has already sold about 90k today, not including in-store reserves.”

“$54 million in revenue in a quarter of a day is a great opening. Looks like contrary to much speculation about who would actually want one of these, like the iPhone, people are voting with their wallets. Considering these are just pre-orders for a product still three weeks out, iPad is home run.”

With sales figures like this it’s pretty obvious why Apple is limiting regions initially. Especially if they are not up to full speed on manufacture yet.

Have you ordered your iPad yet? Better hurry!

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Stephen NorthcottThe iPad is selling like hot cakes! 90,000 pre-orders in the first day!

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