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Edition: U.S. Article Comments (2) Save Email Print Reprints Most Popular Most Shared Music business badly needs Eminem's "Recovery" 21 Jun 2010 Miley Cyrus "no underwear" photo is fake, blogger says 15 Jun 2010 White House will appeal ruling on drilling 1:57pm EDT China says "concerned" about South Korea-U.S. drill 7:53am EDT White House summons McChrystal 10:41am EDT Times Square bomb suspect indicted in New York | Video 18 Jun 2010 BP: 23,290 barrels of leaking oil captured Sunday 21 Jun 2010 Obama warns health insurers not to hike rates 4:02pm EDT Putin boasts new jet fighter better than U.S. plane 17 Jun 2010 Court blocks Obama moratorium on deepwater drilling | Video 4:17pm EDT Japanese couples say "I do" -- in divorce ceremonies 21 Jun 2010 Music business badly needs Eminem's "Recovery" 21 Jun 2010 Court blocks Obama moratorium on deepwater drilling | Video 4:17pm EDT White House summons McChrystal 10:41am EDT Judge rules against Obama's drilling moratorium 2:22pm EDT World's rich got richer amid '09 recession: report 2:55pm EDT U.S. indirectly funding Afghan warlords: House report 8:01am EDT Wet wipes may cause rashes 21 Jun 2010 Nebraska town latest to fight illegal immigrants 1:07am EDT FDA approves more advanced HIV test 21 Jun 2010 Apple says iPad sales hit 3 million SAN FRANCISCO/NEW YORK Tue Jun 22, 2010 2:23pm EDT A customer hold the new iPad tablet computer at its UK launch at an Apple store in central London May 28, 2010. Credit: Reuters/Luke MacGregor SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc said Tuesday it has sold 3 million iPads since the touch-screen tablet computer hit store shelves less than three months ago, as demand for the device continues to steam ahead. Technology | Hot Stocks | Media Shares in the giant consumer electronics company, which has overtaken Microsoft Corp to become the world's most valuable technology company, gained 1.7 percent after a number of brokerages raised their price targets on the stock, including UBS and Kaufman Bros. UBS on Tuesday raised its estimate on iPad unit sales for 2010 by 42 percent to 6.8 million from 4.8 million. "Improved supply and international expansion has helped Apple accelerate the rate at which it is selling the device," UBS analyst Maynard Um wrote in a Tuesday note. He estimated that every 100,000 iPads sold add one penny to earnings per share. Kaufman Bros analyst Shaw Wu raised his fiscal 2010 earnings and revenue estimates for Apple and hiked his price target by $2 to $342. In afternoon trading, the stock was up $4.63 at $274.80. "We as well as the Street continue to underestimate demand for iPad. Part of the reason is that the iPad, as a tablet, is a relatively new product category where it fits in between a smart phone and a notebook PC," Wu wrote. He now expects Apple to sell 9.7 million iPads for calendar 2010. Apple sold 1 million iPads in the first month after the U.S. launch on April 3, and had sold 2 million iPads by May 31 [ID:nN31178032]. It hit the 3 million mark on June 21, it said in a release on Tuesday. In addition to the United States, the iPad is currently available in Australia, Canada, France, Germany, Italy and Japan, among other countries. It will be rolled out in nine more markets in July. (Reporting by Gabriel Madway Paul Thomasch; Editing by Derek Caney and Gerald E. McCormick) Technology Hot Stocks Media Comments See All Comments (2) | Post Comment Jun 22, 2010 1:17pm EDT It would be interesting to find out if Quibet.com had a million of those sale. The auction is going off. I predict it will continue being a power house for sales Pyasotol Report As Abusive Jun 22, 2010 4:04pm EDT Sail Mortgage is using the iPads as a tool to show clients how they are saving money with thier new mortgage. The iPad makes it easy to show various illustrations on how to finance a home. SmoothSailing Report As Abusive See All Comments (2) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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