If there was any doubt that Apple would not do well with the iPad Min that has to be cast aside upon the news that Apple was able to sell out of both the Black & Slate and White & Silver iPad Minis in its own Online store in less than 35 hours.

The 16GB model, which is in the Wi-Fi-only configuration, is now showing a two-week delivery time, according to the Apple Online Store. This does seem to indicate that Apple has sold out of its initial supply of iPad Minis. The demand for the $329 priced model seems to be as large as some had projected. The higher priced 32GB and 64GB models seem not to be moving as quickly; but with the smaller size sold out, we suspect that Apple will likely sell out of the larger sized units as well over the next couple of days.

With price sensitivity seeming to be the biggest factor in the decision to purchase the iPad Mini, it remains to be seen how well the higher priced Wi-Fi + Cellular versions will sell. The iPad Minis in this configuration will not start to arrive till mid-November. Sources tell us that Apple is likely to be conservative on the numbers of iPad Minis it builds in this configuration until it is able to gauge demand for this configuration of the iPad Mini.