Piper Jaffray analyst Gene Munster was at Apple’s flagship retail store at Fifth Avenue in New York City for the launch of the new iPad. And just as he did ahead of the iPad 2, Munster performed a basic headcount to determine the number of people waiting in line to get their hands on the latest Apple tablet.
Munster figures that there were approximately 750 people waiting in line to purchase the new iPad, which is a 37% decrease from the lineup of 1,190 people that waited last year to purchase the iPad 2. Similar reports have surfaced this morning from multiple outlets including Cult of Mac, which suggested that the queues at most Apple retail stores have already dwindled with plenty of new iPad stock remaining. So, why the lower turnout? (more…)