By: Angela Soric
As you probably already know, Apple unveiled their new device, the iPad. The big brother of the iPhone is slightly smaller than a magazine, with a screen measuring at 9.7 inches diagonally. The iPad allows for up to 10 hours of battery life and weighs only 1.5 pounds, so it can be taken virtually anywhere.
After the unveiling, Apple allowed journalists to spend a few minutes trying out the iPad. Many were surprised with the devices familiarity. Anyone who has used an iPhone or iPod touch would be able to start using the iPad right away.
With the device’s starting price marked at $499, Wall Street analysts believe the iPad is a worthwhile risk and will become a multi-million dollar seller in the first year alone.
First year sale predictions range from 1-4million with expected growth as the market expands and product improvements are made.
Analyst Charlie Wolf with Needham & Company called the iPad "another winner," noting that the device's true potential will not be realized until developers create new software for it.
"Apple is a company willing to take risks and define new categories of products," Wolf said. "The iPad is not a revolutionary product. But it has the potential to become one once the creative juices of content providers
