Huge demand for Apple’s iPad 2 has led one long-time Apple watcher, Needham & Co. analyst, Charlie Wolf, to increase his projected 2011 sales figures by 50%.
In a research note entitled ‘AAPL: Shock and Awe,’ Wolf told investors that he had revised his forecast from 20 million to 30 million units for 2011 and from 30 million to 40 million units for 2012.
‘Attempting to forecast the growth trajectory of a new category of computers is difficult, if not perilous. However, the launch of the iPad 2 so far exceeded our expectations that it was evident our 2011 and 2012 shipment forecasts were dramatically low,’ wrote Wolf.
