Apple also announced that iPad users downloaded over 1 million apps from Apple’s App Store and over 250,000 ebooks from its iBookstore during the first day. But the more interesting story is how Apple analyst Gene Munster of Piper Jaffray and others blew the iPad sales estimates. BusinessInsider was first to have the note that Munster put out explaining how his iPad predictions were twice what Apple actually sold because he overestimated the online pre-orders. Therefore, he is lowering his 2010 iPad sales estimate to 4.3 million units from 5.6 million:
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