upgraded iPad 7.9 inch

The third fiscal quarter for Apple closed on June 30th. Amateur musings and  analysts are trying to calculate how many iPads Apple sold this quarter. From the end of June until July 24th (when quarterly report of earnings is realeased by Apple), we are going to see many reports that attempt to estimate the total.

As reported by Philip Elmer-DeWitt of Fortune CNN, the estimated figures from iPad vary from 12.7 to 24 million. Predicted sales come from the analysis of both independents and professional analysts.

Below is a chart showing the consistent rise in Apple iPad sales by each quarter from the third quarter of 2010 until the quarter ending in June 2012. Q3 is expected to be low for Apple Inc. (NASDAQ:AAPL) as shown in the chart.

Within the wide variation in predicted earnings, the pros have given a low estimated value of 12.68 million while the highest number is 18.5 million. The independent analysts/bloggers vary, with an estimated earnings average of 19.96 million. While Apple might do well in this quarter, the sales are expected to slow down before the launch of rumored iPad mini in the fall of this year.

Image: Fortune

Meanwhile the web is infected with iPad mini reports popping up everywhere. Many Apple enthusiasts find these rumors unreliable as they bank on the argument that a smaller iPad is in the pipeline to compete with Google Nexus 7 tablet and Microsoft Surface. Since the enthusiasts think that competing with Nexus and Surface tablet would be going for the low-end market, which is atypical of Apple, most think that an iPad mini is just a fantasy. We will just have to wait and see who wins this argument.

Apple Inc. (NASDAQ:AAPL) seems to be the favorite of news these days, every little rumor or promotion is reported with fervor, which should not be a surprise. The company represents the growth and development in business that is symbolic of US capitalism. With the largest market cap of $571.23 billion and smart moves by the company, it will take the competitors a long time to reach the level of Apple’s stardom.