Apple launches iPad tablet device

Apple Inc. put an end to months of speculation on Wednesday when the company lifted the wraps on the iPad, a new touch-screen tablet computer.

Chief Executive Steve Jobs introduced the device at an event in San Francisco. The iPad will go on sale in 60 days and start at $499 for a 16GB model without a 3G wireless connection; in 90 days, the 3G tablets will be available, topping out at $829 for a 3G device with 64GB of memory. Read about whether iPad's pricing is deceptive.

Steve Jobs Unveils Apple's New iPadSteve Jobs unveils the new Apple iPad in San Francisco. Courtesy Fox Business Network. Apple shares turned up about 0.6% to $207.20 after the event. The stock has more than doubled in the past 12 months -- in part due to speculation for the possibilities of the device

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- Posted: 2010-01-27 14:28:55

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