Quote of the Day

“I’m betting the Apple product announcement today will have a more positive effect on the economy than Obama’s attempt to rebrand himself on national TV tonight.”

Source: Me.

It’s called the iPad and Apple is announcing their own bookstore, in direct competition with Amazon and Barnes & Noble.

Update: Here are some details on the iPad.  Pundits were wrong on the pricing. They were talking $1000.

The intro price is $499.  That’s for 16 Gig and WiFi. The iPad comes in two basic flavors: WiFi & WiFi+3G.

Both models comes in 16, 32 and 64 Gig models.  So here is the pricing

WiFi only: 16: $499  32: $599  64: $699

WiFi+3G: 16: $629 32: $729 64: $829

The announcement said that the iPad will run iPhone/iTouch apps, so you can load the Amazon Kindle app and read books from Amazon, as well as e-reader apps like Stanza and Bookshelf.

So it looks like that the tech rumor that there will be a lot of Kindles on e-Bay once these start shipping is probably on target.

The iPad won’t start shipping for 60 days, another 30 days after that for the 3G models.

More details at Urbin Technology.

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