iPad sales beat the Street by 162% by Philip Elmer-DeWitt @FortuneMagazine May 31, 2010, 7:26 PM EST E-mail Tweet Facebook Google Plus Linkedin Share icons The consensus on Wall Street was that Apple would sell fewer than 382,000 iPads a month In the wake of Apple’s AAPL announcement Monday that it has sold 2 million iPads in less than two months, this seems a good time to revisit the sales predictions made by the experts when the iPad first came out. As it happens, we published the estimates of 14 Apple analysts on Jan. 28, the day after Steve Jobs unveiled the device. All of them expected Apple’s sales to grow over time, but none anticipated that they would be anywhere near this high. You can see the original estimates here. Because they were framed over different time periods — fiscal years, calendar years, 12 months from the start of sales — we’ve boiled them down to units per month and posted the revised spreadsheet below the fold. As you will see, the estimates range from a high of 777,778 iPads per month, put forward by Broadpoint Amtech’s Brian Marshall, to a low of 175,000 from Thomas Weisel’s Doug Reid. The average was 381,865. If sales slow down, Marshall’s estimate could turn out to be close to the mark. Reid — like most of his compatriots — isn’t even in the ball park. Below: The Jan. 28 estimates for this year and next expressed as iPad sales per month. Units per month Units per month 2010 2011 Brian Marshall, Broadpoint AmTech 777,778 1,083,333 David Bailey, Goldman Sachs 688,889 841,667 Kathryn Huberty, Morgan Stanley 666,667 750,000 Ben Reitzes, Barclay’s Capital 483,333 608,333 Shaw Wu, Kauffman Bros. 416,667 833,333 Keith Bachman, BMO Capital 416,667 458,333 Gene Munster, Piper Jaffray 388,889 666,667 Bill Shope, Credit Suisse 293,333 616,667 Jeff Fidacaro, Susquehanna 233,333 316,667 Chris Whitmore, Deutsche Bank 222,222 333,333 Scott Craig, Merrill Lynch 200,000 308,333 Peter Misek, Canaccord Adams 200,000 291,667 Yair Reiner, Oppenheimer 183,333 333,333 Doug Reid, Thomas Weisel 175,000 566,667 . . . See also: 2 million iPads in 59 days Apple: 28 days, 1 million iPads How many iPads will Apple sell?