iPad Demand Stronger Than Anyone Anticipated (AAPL)

The demand for the Apple (NASDAQ: AAPL) iPad 2 is so strong, that many are in "shock and awe" over the lines abroad, and the fact that you still can't buy one in the U.S. because of supply shortage.

According to the article from AppleInsider, one Wall Street analyst sharply raised his estimates on sales of the iPad 2 because the lines just never seem to end.

Charlie Wolf, from Needham & Company, said that he now expects 30 million iPads to be sold this year, up from 20 million, and moved his estimates for next year to 40 million from 30 million. This is an additional $1 in EPS for 2011, from $22.25 to $23.25.

"Attempting to forecast the growth trajectory of a new category of computers is difficult, if not perilous," Wolf wrote. "However, the launch of the iPad 2 so far exceeded our expectations that it was evident our 2011 and 2012 shipment forecasts were dramatically low."

"In our view, Android's problems go beyond the dearth of applications," he said. "The Honeycomb interface itself appears overly complex for the purpose it was intended -- an intuitive, easy-to-use platform for running applications written for Android," Wolf wrote int he research note.

At last check, shares of Apple were off 29 cents to $350.15, a fractional loss.