Lil Wayne's 'Carter IV' Now Aiming for 850,000 Debut; Red Hot Chili Peppers Likely Second

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First-week album sales projections are up for the rapper, who released his latest disc at midnight following the Aug. 28 MTV Video Music Awards.

Monday, Aug. 29, initial first-week sales projections for Lil Wayne's Tha Carter IV were hovering in the 700,000-850,000 range, but now, after a full day's worth of sales under its belt, that number has grown. Industry sources now suggest the album may shift over 850,000-900,000 by week's end on Sept. 4.

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The album, released yesterday at 12 AM after the MTV Video Music Awards, will undoubtedly hit No. 1 on the Billboard 200 next week, marking Wayne's third chart-topper.

Red Hot Chili Peppers' new I'm With You will be the likely runner-up to Wayne next week, as the veteran rock band's set is looking to start with around 175,000-200,000 sold.

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If Carter IV shifts 850,000 or more, it will instantly mark the biggest sales week for a hip-hop album (or one by a male artist), since his own Carter III bowed with 1.01 million on the June 28, 2008 chart according to Nielsen SoundScan.

Carter III is one of only 17 albums to have sold a million or more in one week since SoundScan began tracking data in 1991.

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Carter IV follows a pair of top-two sets for Wayne in 2010: Rebirth (No. 2) and I Am Not a Human Being (No. 1). They launched with 176,000 and 110,000 copies, respectively.