Apple Inc. (NASDAQ:AAPL) celebrated the release of its new iPad today, a day after the company’s stock went over 600 for the first time. The new device, which boasts enhanced specs most notably a higher resolution display, was available at 8am this morning to crowds who struggled to be one of the first to get their hands on the device. The first of the new gadgets were sold in Australia where time zone difference allowed sales of the product much earlier. David Tarasenko was the first customer to get his hands on the product.
The new version of the iPad utilises screen technology already prevalent in the company’s iPhones in order to boost screen resolution and clarity. The device also boasts 1 GB of RAM and an improved processor from Apple Inc. (NASDAQ:AAPL). One of the most noteworthy advances the new tablet makes is its 4G wireless technology. The tablet employs LTE as its wireless data service which will allow for faster wireless data. The new fourth generation of wireless technologies are currently being tested and implemented across the world. The presence of the technology in the iPad will drive the technology forward.
Apple still dominates the tablet market despite competition from several ranges of Android competitor. Lower priced tablets from Amazon and Barnes and Noble have failed to put the dent in Apples sales that those companies had hoped for. The iPad is estimated to account for around 60% of the market. The tablet market in its modern iteration is almost entirely a construction by Apple with the iPad. The company released its first model of the tablet computer in 2010. Since then the prevalence of tablet computers and the software available for them has multiplied dramatically. The length of queues worldwide is a testament to Apple’s marketing and design abilities. The company’s stock will open at 588.59 today.