Apple launch IPad
Apple seeking to change the publishing business in the same way the IPod transformed the music industry today unveiled a tablet computer-the IPad.
The product is expected to challenge strongly the market leaders in the e-reader sector and intends opening up an e-reader store. Deals have been forged with many of the worlds main publishers to offer electronic books on the IPad.
The device will run the more than 140,000 apps already available on the IPhone and ITouch.
More than 60million Apple shares changed hands today,with the share price increasing by almost $2. The expected selling price is lower than what was expected and as a result massive sales are predicted.
Apple relies on sales of computers for 25% of sales,the IPhone for 33% and the IPod for 22%.
It has sold 250million IPods.(though IPod sales are now in decline.)
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