Apple Shares Rise Over New Ipad Release

Categorized under: Stocks

Today was a huge day for Apple (AAPL 207.01, -0.87, -0.42%) which rose after the much anticipated iPad. The new iPad was shown off by Steve Jobs today, and has people definitely excited.

The iPad, which is a new touch-screen tablet PC which looks much like a big iPhone at first glance. Chief Executive Steve Jobs says the iPad will revolutionize how people access their digital content and change the future of personal computing. That is yet to be seen, but for now millions of Apple fans are pumped about the new product which has given Apple as well as the Technology sector a much needed boost.

As the iPad goes on sales in the next 60 days, be looking at Apple stocks jumping again in price as consumers scurry for the first batch available. The iPad will also be available with a 3G network ready unit within 90 days. The first non 3G will go on sale for $499 followed by the 3G model for $829. While the first seems more palatable, only time will tell how consumers will react to the second price tag with the current economic condition.

Steve Jobs also says that the new iPad fills a gap between the Laptop, iPhone and iPod. Bringing in a whole new category will raise lots of questions for investors, but could be another big bold move which pushes Apple even further into the country of acceptable innovation to its current and growing list of consumers.