The persistence of record-setting queues has Wall Street scratching its collective head
The morning phone call to Apple’s Fifth Avenue Store followed a familiar script:
That crowds of buyers are still gathering outside Apple Stores every morning, more than two weeks after the iPad 2’s U.S. launch, on the off chance that some product arrived overnight is something few Apple (AAPL) analysts expected, as Needham’s Charlie Wolf was brave enough to admit in a note Tuesday entitled “AAPL: Shock and Awe!”
Wolf has raised his iPad shipment numbers for this year and next by 10 million units, from 20 million to 30 million units in 2011 and from 30 million to 40 million units in 2012.
Also on Fortune.com:
- How many iPads did Apple sell in Q2?
- iPad 2: Out of stock by Saturday
- Thousands in London queue for iPad 2
[Follow Philip Elmer-DeWitt on Twitter @philiped]