Apple sells 3 million iPads

By Annalyn Censky, staff reporter


NEW YORK (CNNMoney.com) -- Less than three months after its iPad launch, Apple sold its 3 millionth unit of the table device on Monday, the company announced.

"People are loving iPad as it becomes a part of their daily lives," Apple (APPL) CEO Steve Jobs said in a prepared statement. "We're working hard to get this magical product into the hands of even more people around the world."

The gadget will go in sale in another nine countries next month.

Apple's iPad is a runaway hit, but its fate wasn't certain: Plenty of naysaying swirled before the tablet's April 3 release. But since then, the iPad has raced through sales milestones and shaken up the gadget market. Amazon and Barnes & Noble on Monday slashed prices on their e-readers, the Kindle and Nook, thanks in part to competition from the pricier but fuller-featured iPad.

The rollout hasn't been glitch-free. AT&T, which is the exclusive provider of 3G services for the iPad, had to patch a security breach earlier this month after a hacker group used AT&T's website to harvest the e-mail addresses of some iPad buyers.

The iPad's latest milestone comes two days before Apple's iPhone 4 hits stores. It too sparked a sales frenzy: Apple sold more than 600,000 units the first day pre-orders were available, and AT&T has suspended sales while it waits for Apple to restock its inventory.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,804.80 26.65 0.15%
Nasdaq 4,765.38 16.98 0.36%
S&P 500 2,070.65 9.42 0.46%
Treasuries 2.18 -0.03 -1.27%
Data as of 4:08pm ET
Company Price Change % Change
Bank of America Corp... 17.62 0.09 0.51%
Apple Inc 111.78 -0.87 -0.77%
General Electric Co 25.62 0.48 1.91%
Intel Corp 36.37 -0.65 -1.76%
Microsoft Corp 47.66 0.14 0.29%
Data as of Dec 19

Sections

New York Magazine reporter Jessica Pressler, who has been caught up in controversy this past week, will not be moving on to a new job at Bloomberg News. More

Investors beware: These 5 global crises are likely to rattle the stock market and world economy. More

Forums in dark corners of the web sell the kinds of hacks that befell Sony. More

Unilever sued Hampton Creek over its egg-free mayonnaise spread Just Mayo. But the company behind Best Foods and Hellman's mayonnaise has now dropped the lawsuit. More

The income of the top 1% jumped significantly in 2012, far outpacing inflation. Not only did this group make a larger share of the country's income, their share of total taxes also jumped from 35% to 38%. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.