Apple introduces its iPad tablet computer
Apple Inc., seeking to revolutionize the publishing business in the same way the iPod transformed the music industry, unveiled a tablet computer starting at $499, a price that is 50 percent lower than some analysts predicted.
The iPad can display full Web pages, books and publications, and run iPhone applications, and it has a touch-screen keyboard, Apple chief executive Steve Jobs said Wednesday at a company event in San Francisco. The product will come in two versions: one with just a Wi-Fi connection and another that also uses third-generation mobile-phone service.
"At that price, they'll sell millions," said Hakim Kriout, a portfolio manager at Manhattan-based Grigsby & Associates, which owns Apple shares. "It's very, very affordable for what it does. This is going to add a huge revenue stream for Apple."
The iPad builds on the digital media and mobile technology behind Apple's market-leading iPod and the iPhone, and will challenge dedicated e-book readers from Amazon.com and Sony Corp.
It will go on sale in late March. Apple unveiled a free electronic-book reader application for the iPad and is opening an e-book store. - Bloomberg

Things to do now on LI Rock climbing? Indoor beach volleyball? Water parks? Arts and crafts? NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to spend your winter break.

Things to do now on LI Rock climbing? Indoor beach volleyball? Water parks? Arts and crafts? NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to spend your winter break.