Specs, from Engadget: The Apple iPad weighs just 1.5 pounds, and has a 9.7-inch touchscreen LCD display. It's running Apple's own 1GHz "A4" chip, with a 10-hour battery life and a month of standby. It'll come in three sizes and prices points: 16GB -- sold for $499, 32GB -- sold for $599, and 64GB -- $699.
There's a 30-pin Dock connector, a speaker, a microphone, Bluetooth, and 802.11n WiFi, as well as an accelerometer and a compass. It can run iPhone apps and has built-in apps that are more similar to Mac apps. For WiFi+3G the price points are $629, $729 and $829 and seems that only AT&T (T) will carry it -- at least according to the latest info.
Some have already noted the iPad looks simply like a giant iPhone, while others can't stop wowing. Some think it will save print media, while others question Apple's pricing controls as the company did on iTunes with the music industry. But the question that is of relevance to investors most is -- will it sell? How many? How will it affect Apple's revenue, earnings and growth?
Apple positioned the iPad in the space between the smartphone and the laptop, saying it has to be better at tasks like browsing, email, photos, e-books, and videos than both. Perhaps, but it all depends on the pricing and whether it can indeed supply that space with a device that will be popular with consumers -- establishing a third category of products.
It seems the answer to that is a resounding'"yes." Apple shares, which were down about 1.5%, before the prices were announced, are now up over 1%. Shares of rival Nokia (NOK) are up 1.1%, Research in Motion (RIMM) up 1.6% and Sony (SNE) are down 2%. Meanwhile, AT&T shares are up 1.5%.