Apple Sells 3 Million IPads in Debut Fueling Optimism

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Apple Inc. said it sold 3 million units of its iPad mini and fourth-generation iPad during the debut weekend, a sign that the new devices can help the company withstand accelerating competition in the tablet market.

“Demand for iPad mini exceeded the initial supply and while many of the pre-orders have been shipped to customers, some are scheduled to be shipped later this month,” Cupertino, California-based Apple said today in a statementBloomberg Terminal.