3 mn new iPads sold in 3 days

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Apple has announced that it has sold three million new iPads the same day that the company said it will put its nearly $100 billion cash reserves to use by beginning to pay a quarterly $2.65 dividend and through a 10 billion dollar share buy-back programme.

Tim Cook, Chief Executive Officer, Apple said, The company had a "record weekend" for its latest iPad but had not given the exact sales figures." Philip Schiller, Senior Vice-President of Worldwide Marketing, Apple said, "The new iPad is a blockbuster with three million sold, the strongest iPad launch yet."

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