Entries in New iPad (4)


Apple's New iPad Hits Stores; Thousands Line Up for Tablet

David Paul Morris/Bloomberg via Getty Images(CULVER CITY, Calif.) -- Apple's new iPad hits store shelves Friday morning, and in anticipation of the sale, thousands lined up outside of Apple stores to get their hands on the latest tablet.

Among those waiting in line was Apple co-founder Steve Wozniak, who was spotted in front of the Apple store in Culver City, Calif.

He told ABC News Radio, "I've waited in line so much when I couldn't be --  miss out being you know, the newest, latest, greatest, and being first, that now it's such a habit, I kind of have to anyway and I can actually justify a new iPad at this moment in time."

Although Wozniak could probably get a new iPad for free, he said he "would never ask for one.  It's just not something I like to do.  I don't like to get that kind of privilege." 

Plus, he said, he likes "hanging with the normal people and doing the normal things."

Among the new feature on the new iPad: a high resolution Retina display, an improved iSight camera, a faster processor, quad-core graphics and a 4G LTE option.

Pricing starts at $499 for the 16GB Wi-Fi model.

Copyright 2012 ABC News Radio


Apple Stock Tops $600 Milestone

KIMIHIRO HOSHINO/AFP/Getty Images(NEW YORK) -- Shares of Apple Inc. reached $600 for the first time ever Thursday morning in early trading, pushing the company’s market value over $555 billion.

On the eve of sales of the new iPad, which has received positive reviews, analysts set new price targets for the technology company’s shares, which had passed the $500 mark less than one month ago.

Michael Holt, senior equity analyst with investment firm Morningstar Inc., said the $600 mark is not significant in and of itself, but it’s interesting because it reflects the momentum of Apple’s success.

The company’s new intraday high hit $600.01. With a 52-week low of $310.50, the stock has soared over the past year, leaving analysts wondering when the meteoric rise will stop.

When asked to comment about the company’s outlook, Holt said “it’s definitely not downhill from here.”

“The near term momentum for Apple looks unstoppable,” he said, but down the line, there are questions regarding how Apple will be able to fend off competition with lower price points.

Holt said one way they will be able to capture market share in countries with lower per capita income such as China and India will be to keep older versions of their products with lower prices.

Apple reported stellar quarterly results in January, after selling 37 million iPhones and 15.4 million iPads in its first quarter, which ended Dec. 31.

The Wall Street Journal points out it took only 23 trading days for Apple’s stock price to jump from $500 to $600. Prior to that it only took 34 days to go from $400 to $500.

Around 10:04 a.m. eastern time, the stock ticked lower to $591.29, up about 0.29 percent.

The world’s most valuable company, based in Cupertino, Calif., has sold out of its original new iPad pre-order stock online, but shoppers can obtain the device in stores Friday.

Copyright 2012 ABC News Radio


New iPad: Apple Sells Out of Pre-Order Stock Online

David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- Apple has sold out of its original new iPad pre-order stock online, but this Friday, March 16, the new tablet will be available in stores.

The new iPad, as it's called, has a high resolution Retina display, an improved iSight camera, a faster processor, quad-core graphics, and a 4G LTE option. It will be available to buy at Apple Stores, which will open at 8 a.m. local time. In the U.S. the new iPad will also be available at Best Buy, Radio Shack, Sam's Club, Target and Walmart. AT&T and Verizon will also have stock of the 3G / 4G models.

Apple's online store currently shows 2-3 weeks for shipping.

The company will still offer the iPad 2 after Friday, but it will be $399 for the 16GB Wi-Fi version -- $100 cheaper than the new iPad.

Copyright 2012 ABC News Radio


New iPad Pre-Order Stock Sells Out; Lines Start to Form at Apple Stores

Apple, Inc.(NEW YORK) -- It’s new iPad week -- or at least it will be come Friday when Apple’s newest version of its tablet starts landing in the hands of customers.

The launch stock of the much-anticipated tablet is already depleted. Apple’s online store shows that the new tablet will now ship in two to three weeks. Those who ordered immediately will receive their tablets on Friday, with some people already reporting that boxes have arrived at their local FedEx locations.

Apple isn’t revealing how many it has sold so far — it usually reserves that stat for the Monday after it has started to go on sale — but Apple spokesperson Trudy Muller did tell ABC News that demand has been “off the charts.”

“The quantity available for pre-order has been purchased, customers can continue to order online and receive an estimated delivery date,” said Muller. “Beginning Friday, March 16, the new iPad will be available for purchase at Apple’s retail stores and select Apple authorized resellers on a first come, first-served basis.”

Apple hasn’t announced the exact time the tablets will go on sale at retail stores on Friday, but because the immediate online stock is sold out, lines are expected to be long. And in typical Apple-product-launch fashion, they have already started to form at some stores.

The new iPad starts at $499 and has a higher resolution display, an improved camera, and 4G / LTE capabilities.

Copyright 2012 ABC News Radio

ABC News Radio