iPad 2: Out of stock by Saturday

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    A launch perfectly timed to coincide with the end of Apple’s second fiscal quarter

    Shoppers queued up for the iPad 2 in London. Image: onlygeek

    Reports are still drifting in, but it seems likely that most of the 25 countries where Apple (AAPL) launched the iPad 2 on Friday had run out of product by Saturday afternoon.

    Pocket-lint reports that the two flagship Apple Stores in London — Regent Street and Covent Garden — are completely out of stock and won’t be getting more before Monday. Checks by Electronista and The Province with several Canadian Apple Stores found the same. A shopper at Apple’s Opera Store in Paris reported that the outlet sold more than 3,000 iPad 2s between 5 p.m. and 10 p.m. Friday, and although the store was still selling iPads Saturday morning, it wasn’t clear how much longer that would last.

    Most third-party resellers — Carphone Warehouse, Currys, PC World, and Phones4U in London, for example, and Best Buy, Future Shop and London Drugs in Canada — had limited supplies and ran out quickly.

    It look like Apple moved nearly its entire stockpile of iPad 2s by midnight Saturday, which happened to mark the last day of its second fiscal quarter.

    Pretty good timing.

    We’ll learn exactly how many iPads Apple sold between Dec. 26 and March 26 when the company reports its Q2 2011 earnings a few weeks from now.

    Also on Fortune.com:

    Follow Philip Elmer-DeWitt on Twitter @philiped

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    iPad 2: Out of stock by Saturday