Tags: Apple | 4G | iPad | Amazon | Samsung

Apple Unveils on 4G iPad, Keeps Prices

Wednesday, 07 Mar 2012 03:03 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Apple Inc. took the wraps off a faster 4G-equipped iPad starting at $629, hoping the latest version of its tablet can safeguard its dominance as rivals from Amazon.com Inc. to Samsung Electronics pile into the market.

Chief Executive Tim Cook, presiding today over his second major product launch since 2011's voice-enabled iPhone 4S, introduced the highly anticipated third iteration of the tablet, which is available for pre-orders starting today and will hit store shelves March 16.

The high-end model of Apple's latest iPa d will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution, network. At speeds roughly 10 times faster than current 3G technology, that may help banish the sometimes shaky video quality of older devices.

Wall Street had anticipated many of the features Cook cited, including a higher-definition "retina display" and a better camera.

"The iPhone 4S showed us that Apple doesn't need to out-do itself with new product designs to continue extending its domination of a category," said CCs Insight analyst John Jackson.

Apple is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra for higher-quality video on the go. That, in turn, should give Verizon Wireless and AT&T Inc a revenue boost, analysts say.

Until now, buyers have been reluctant to shell out extra cash even for iPads with slower 3G connections. The cheaper Wi-Fi-only model, with much more limited Web access, is by far Apple's top-selling one today.

An updated version of the Wi-Fi-only model remains at $499. The most expensive 4G model, with 64 gigabytes of storage, will go for $829.

The company is counting on a warm reception to its latest tablet to fend off an increasingly aggressive challenge from Google Inc Android-powered tablets, with Microsoft Corp software-driven devices slated to come soon.

"Everyone's been wondering who will come out with a product that's more amazing that the iPad 2," Cook said.

"Stop wondering: we are."

 

Shares of Apple, which had trended upward by as much as 1 percent in morning trade, dipped briefly into negative territory as the iPad was unveiled, following a familiar pattern established at previous launches.

Earlier in the session, Cook again held forth on what he called a "post-PC world," in which users move increasingly away from traditional desktop and laptop computing and toward an array of portable devices, including tablets.

Smartphones and tablets are start ting to eat into PC sales as mobile technology gets more advanced and available content expands.

Some experts believe mobile devices, as they get more powerful, will eventually displace PCs in many markets, hurting business for the likes of Hewlett Packard and Dell .

The global tablet user base reached 67 million in 2011, according to researcher Strategy Analytics. Analysts expect double-digit growth in general of tablet sales in coming years.

Cook also announced that the company's new $99 Apple TV set-top box, a concept that late CEO Steve Jobs had called a "hobby," now supports high-definition 1080p screen technology.

"Last year alone we sold 172 million post-PC devices," Cook told the audience at the Yerba Buena Center in downtown San Francisco, Apple's preferred venue for product unveilings.

"And this made up 76 percent of our revenues. This is incredible."

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Manatees May Soon Lose Endangered Species Status

Friday, 29 Aug 2014 06:54 AM

As they do whenever they visit Florida, Greg Groff and his young daughter stopped by the manatee pool at Miami Seaquariu . . .

Tesla, Chinese Firm Plan 400 Charging Stations

Friday, 29 Aug 2014 06:53 AM

Tesla Motors Co. and a state-owned Chinese phone carrier announced plans Friday to build 400 charging stations for elect . . .

Google Building Fleet of Package-Delivering Drones

Thursday, 28 Aug 2014 23:16 PM

Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so pac . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved