New iPad runs faster, crisper images, but don't call it iPad3
Apple unveiled a new iPad that's 4G-ready and boasts a quad-core graphics processor. It can be pre-ordered now and will hit stores on March 16.
Apple unveiled a new iPad that's 4G-ready and boasts a quad-core graphics processor. It can be pre-ordered now and will hit stores on March 16.
Apple's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Amazon.com and Samsung Electronics Coat bay.
While stopping short of vaulting ahead of Motorola and Samsung, the device -- which comes 4G-ready and boasts a quad-core graphics processor -- is capable enough to help safeguard its two-thirds market share.聽聽聽
聽聽聽 "The screen is a notable feature for non-techie customers, as is the faster connectivity. That's something that mainstream consumers can identify with," said Morningstar analyst Michael Holt.聽聽聽
聽聽 "There's pent-up demand because a new device was widely anticipated. I they've made enough incremental improvements to do well."聽聽聽
RECOMMENDED: Four best features of the new iPad
聽聽聽 Other analysts say the faster processing may begin to draw聽 heavy gamers, encroaching on turf now dominated by gaming-hardware makers such as Microsoft or Sony.聽聽聽
聽聽聽 Chief executive Tim Cook, presiding over his second major product launch after debuting with 2011's voice-enabled iPhone 4S, introduced the highly anticipated third iteration of the tablet, which is available for pre-orders from Wednesday and will hit store shelves March 16.聽聽聽
聽聽聽 But he stumped many in the audience by breaking away from the tradition of calling the third-generation tablet the iPad 3, as some had expected, referring to it simply as the "new iPad." 聽聽聽
聽聽聽 The company said it will continue to sell the iPad 2 but dropped its price by $100. The older tablet now starts at $399 while the new third-generation wi-fi only iPad starts at $499.
聽聽聽 The high-end model of Apple's latest iPad starts at $629 and 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.聽聽聽
聽聽聽 Wall Street had anticipated many of the features Cook showed off on Wednesday, including a higher-definition "retina display" screen - containing several times as many pixels within the same area - and a better camera.聽聽聽
聽聽聽 Shares of Apple closed barely higher, up 43 cents at $530.69. They hovered around $530 throughout the unveiling event, which was attended by Marc Benioff, CEO of enterprise cloud computing company Salesforce.com Inc ; Jeremy Stoppelman, CEO of online business review site Yelp Inc; and influential venture-capitalist John Doerr, among other industry luminaries.聽聽聽
聽聽聽 Some had held out hope of a positive Apple surprise, recalling late CEO Steve Jobs and his now-iconic "one more thing" at the very end of such announcements. Others said the upgrades and tweaks to the iPad could only go so far in fending off hard-charging competition.聽聽聽
聽聽聽 "While the hardware is notably enhanced, with an impressive retina display, better camera and faster processor, there are still some areas of improvement that Apple needs to work on, in order to stay ahead of its encroaching competitors," said Fred Huet, managing partner at Greenwich Consulting. 聽聽聽
聽聽聽 "As tablets are increasingly being used for personal media consumption, it is promising to see a better screen resolution. But will this be enough to ensure Apple's competitive lead in the marketplace? No."聽聽聽
聽聽聽 Others say Apple is betting a 4G-equipped iPad will tempt more U.S. consumers to pay for higher-quality video on the go. That, in turn, should give Verizon Wireless and AT&T Inc a revenue boost, analysts say.聽聽聽
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聽聽聽 "THE NEW IPAD"聽聽聽
聽聽聽 Verizon Wireless, a venture of Verizon Communications Inc. and Vodafone Group Plc, and AT&T will host and sell 4G wireless plans to 4G iPad users.
聽聽聽 Until now, buyers have been reluctant to shell out extra cash even for iPads with slower 3G connections. The cheaper WiFi-only model, with much more limited Web access, is by far Apple's top-selling one today.聽聽聽
聽聽聽 An updated version of the WiFi-only model remains at $499. The most expensive 4G model, with 64 gigabytes of storage, will go for $829. The previous iPad2 with 3G also sold for $629 to $829. The cheapest model of the previous-generation iPad 2 now retails at $399.聽聽聽
聽聽聽 "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.聽聽聽
聽聽聽 In an apparent departure from naming conventions, Apple's third-generation tablet will not be called the iPad 3, but simply referred to as the latest iPad, a small point that several analysts and executives noticed and pointed out.聽聽聽
聽聽聽 Forrester analyst Frank Gillet said most of Apple's other products, such as the iPod or the MacBook Pro, do not warrant new appellations every time they go through an upgrade. Apple may even drop the numerical extension for the iPhone, he added.聽聽聽
聽聽聽 Regardless of the name, the company is counting on a warm reception to its latest tablet to fend off an increasingly aggressive challenge from tablets powered by Google Inc's聽 Android technology, with Microsoft Corp
software-driven devices slated to come soon.
聽聽聽 "Everyone's been wondering who will come out with a product that's more amazing than the iPad 2," Cook said.聽聽聽
聽聽聽 "Stop wondering: We are."聽聽聽
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聽聽聽 POST-PC ERA聽聽聽
聽聽聽 Earlier in the proceedings, 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.聽聽聽
聽聽聽 Smartphones and tablets are starting to eat into PC sales as mobile technology gets more advanced and available content expands.聽聽聽
聽聽聽 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 Co and Dell Inc.聽聽聽
聽聽聽 The global tablet user base reached 67 million in 2011,according to researcher Strategy Analytics. Analysts expect double-digit growth in tablet sales in coming years.聽聽聽
聽聽聽 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.聽聽聽
聽聽聽 "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.聽聽聽
聽聽聽 "And this made up 76 percent of our revenues. This is incredible."聽聽聽
聽聽聽 Cook's performance was again the subject of scrutiny. The CEO replaced famed showman Jobs after the co-founder's October death, and has since drawn several comparisons in terms of onstage charisma.聽聽聽
聽聽聽 Some in Wednesday's audience found the event wanting.聽聽聽
聽聽聽 "This iPad 3 launch is horribly boring. Steve, I miss you terribly," Salesforce's Benioff tweeted at the end of the proceedings. "Tim Cook didn't thank or remember Steve Jobs at iPad3 launch. There would be no iPad 3 without Steve Jobs."
RECOMMENDED: Four best features of the new iPad