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 15,294.50 -12.67 -0.08%
Nasdaq 3,459.42 -3.88 -0.11%
S&P 500 1,650.51 -4.84 -0.29%
Treasuries 2.02 -0.00 -0.15%
Data as of 9:45pm ET
Company Price Change % Change
Bank of America Corp... 13.21 -0.10 -0.75%
Hewlett-Packard Co 24.86 3.63 17.10%
Micron Technology In... 11.40 0.47 4.30%
Dean Foods Co 20.41 0.46 2.31%
Pfizer Inc 29.11 -0.19 -0.65%
Data as of 4:13pm ET
Sponsors

Sections

Health insurers in California will charge an average of $304 a month for the cheapest silver-level plan in state-based exchanges next year, according to rates released Thursday by Covered California, which is implementing the Affordable Care Act there. But many residents will pay a lot less than that for coverage. More

The Obamacare employer mandate forces businesses with 50-plus workers to provide insurance. But many keep getting that cutoff number wrong, saying it's 51. More

The tornado that struck the Moore, Okla., area Monday afternoon left an almost 2-mile wide path of destruction, flattening homes and businesses and taking at least 24 lives. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.