On Saturday morning early adopters gathered at Apple Stores across the country to get one of the first iPads.
Announced in the Jan. 2010 and according to Steve Jobs, "The revolutionary product," the iPad takes aim at a number of industries as an all-in-one device. It's a device that is built on the same operating system as the iPhone.
It has already garnered attention from many publishers with it's new iBookstore and positioned to compete squarely with Amazon's kindle.
Perhaps the biggest threat is to the fast-growing netbook industry. According to Business Week, Netbook sales in the first quarter of 2009 were estimated at 3.6 million units but are expected slow down as the iPad becomes more popular.
For all it's hype the iPad isn't without it's flaws. The New York Times reports, "The iPad has been generally well reviewed, although there are features noticeably absent: the ability to run more than one application at a time, for instance, and lack of support for Adobe's Flash, which means video on many Web sites will not play."
According to Piper Jaffray analyst at Gene Munster, there were an estimated 600,000 - 700,000 iPads sold on the Saturday.
By contrast, it took Apple 74 days to sell one million of the first generation iPhones. It took 3 days to sell the one million of the latest version of the iPhone.