120,000 iPads sold on first day alone?

According to a specific analyst group, Apple may have sold a nicely sized 120,000 iPad units on the first day of pre-orders. If this number seems strange to you, it may help knowing that their math makes sense. Basically, Apple sells about 16,500 orders a day online, but managed to sell about 124,596 on the day of the iPad preorder. Considering that about 1.11 iPads were ordered per customer, we come up with a number around 120,000.