The Palestine Herald, Palestine, Texas

Business

January 27, 2010

Apple unveils $499 tablet, $629 with AT&T data

SAN FRANCISCO (AP) — Apple Inc. will sell the newly unveiled tablet-style iPad starting at $499, a price tag far below the $1,000 that some analysts were expecting.

The iPad, which is larger in size but similar in design to Apple’s popular iPhone, was billed by CEO Steve Jobs on Wednesday as “so much more intimate than a laptop and so much more capable than a smart phone.”

The highly anticipated gadget has a 9.7-inch touch screen, is a half-inch thick, weighs 1.5 pounds and comes with 16, 32 or 64 gigabytes of flash memory storage. The basic iPad models will cost $499, $599 and $699, depending on the storage size.

All models have Wi-Fi and Bluetooth connectivity built in. Jobs said the device has a battery that lasts 10 hours and can sit for a month on standby without needing a charge.

Apple will also sell a version with pay-as-you-go data plans from AT&T; in the U.S. Two tiers of data plan will be available without contracts: $14.99 per month for 250 megabytes of data, or $29.99 for unlimited data usage.

Those 3G models will cost more — $629, $729 and $829, depending on the amount of memory. The Wi-Fi only version will be available worldwide in March, and the 3G version in April. International cellular data details have not yet been announced.

Apple had kept its “latest creation” tightly under wraps until Wednesday’s unveiling, though many analysts had correctly speculated that it would be a one-piece tablet computer with a big touch screen, larger than an iPhone but smaller than a laptop.

The CEO demonstrated how the iPad is used for surfing the Web with Apple’s Safari browser. He typed an e-mail using an on-screen keyboard and flipped through photo albums by flicking his finger across the screen. And he showed off a new electronic book store, putting the iPad in competition with Amazon.com Inc.’s Kindle and other e-book readers.

Jobs said the iPad will also be better for playing games and watching video than either a laptop or a smart phone. The iPad comes with software including a calendar, maps, a video player and iPod software for playing music. All seem to have been slightly redesigned to take advantage of the iPad’s bigger screen.

Tablet computers have existed for a decade, with little success. Jobs acknowledged Apple will have to work to convince consumers who already have smart phones and laptops that they need this gadget.

“In order to really create a new category of devices, those devices are going to have to be far better at doing some key tasks,” Jobs said. “We think we’ve got the goods. We think we’ve done it.”

Applications designed for the iPhone can run on the iPad. Apple is also releasing updated tools for software developers to help them build iPhone and iPad programs.

“We think it’s going to be a whole ’nother gold rush for developers as they build applications for the iPad,” said Scott Forstall, an iPhone software executive.

A new newspaper reader program from The New York Times and a game from Electronic Arts Inc. were also demonstrated during the event. The audience, which included many journalists and bloggers, clapped and even gave Jobs a standing ovation.

Shares in Apple rose $3.06, or 1.5 percent, to $209 in afternoon trading Wednesday. The Cupertino, Calif.-based company’s shares have more than doubled over the past year, partly on anticipation of the tablet computer. Shares in Amazon rose $2, or 1.7 percent, to $121.48.

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  • Exxon Mobil posts lowest annual profit since ’02 EW YORK (AP) — Exxon Mobil’s earnings were cut by more than half to $19.3 billion in 2009, the lowest total in seven years, as company refineries struggled with a plunge in fuel consumption around the world.

    But the world’s largest publicly traded oil company remains the profit champ among U.S. public companies. Wal-Mart is expected to earn $14 billion for the year ended Jan. 31, and Microsoft earned $14.6 billion in the fiscal year ended in June 2009.

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  • Toyota tells dealers parts on way to fix pedals WASHINGTON (AP) — Toyota Motor Corp. said Monday its dealers should get parts to fix a sticky gas pedal problem by the end of this week as the automaker apologized to customers and tried to bring an end to a recall that has affected 4.2 million vehicles worldwide.

    The company said in a statement that it has begun shipping parts and is training dealers on the repairs. Some dealers will stay open around the clock to fix the 2.3 million cars and trucks affected by the recall in the U.S.

    Technical bulletins on how to install the new parts should arrive at dealers by midweek, the company told dealers in an e-mail. It was not clear exactly when repairs would start, although dealers have said they’ll begin as soon as possible.

    The automaker also said Monday it would suspend production of eight U.S. models affected by the recall this week, with factories restarting on Feb. 8.

    February 1, 2010

  • Apple introduces new $499 iPad tablet computer SAN FRANCISCO (AP) — Apple CEO Steve Jobs unveiled the company’s much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device that is neither smart phone nor laptop, but something in between.

    The iPad will start at $499, a price tag far below the $1,000 that some analysts were expecting. But Apple must still persuade recession-weary consumers who already have other devices to open their wallets yet again. Apple plans to begin selling the iPad in two months.

    Jobs said the device would be useful for reading books, playing games or watching video, describing it as “so much more intimate than a laptop and so much more capable than a smart phone.”

    January 28, 2010

  • Dealers swamped by worried Toyota drivers NEW YORK (AP) — Toyota dealers across the country were swamped with calls Wednesday from concerned drivers but had few answers a day after the company announced it would stop selling and building eight models because of faulty gas pedals.

    Toyota insisted the problem — sudden, uncontrolled acceleration — was “rare and infrequent” and said dealers should deal with customers “on a case-by-case basis.” But drivers of Toyotas and those who share the road with them were left with uncertainty.

    In an unprecedented move, the company said late Tuesday it would halt sales for the eight models — which make up more than half of Toyota’s U.S. sales volume — to fix the gas pedals. Last week, Toyota issued a recall for the same eight models, affecting 2.3 million vehicles.

    A private firm said it had identified 275 crashes and 18 deaths because of sudden, uncontrollable acceleration in Toyotas since 1999.

    In North Palm Beach, Fla., Clare Roden showed up at a Toyota dealership worried about the 2010 Camry she purchased recently. She was relieved when she was told her accelerator was not a problem part.

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  • Apple unveils $499 tablet, $629 with AT&T data SAN FRANCISCO (AP) — Apple Inc. will sell the newly unveiled tablet-style iPad starting at $499, a price tag far below the $1,000 that some analysts were expecting.

    The iPad, which is larger in size but similar in design to Apple’s popular iPhone, was billed by CEO Steve Jobs on Wednesday as “so much more intimate than a laptop and so much more capable than a smart phone.”

    January 27, 2010

  • Toyota U.S. sales halt deals blow to image, earnings NEW YORK (AP) — Toyota’s suspension of U.S. sales on an unprecedented scale to fix faulty gas pedals deals a blow to the automaker’s reputation for quality and endangers its fledgling earnings recovery.

    The suspect parts are made by a U.S. supplier, but they are also found in its European-made vehicles, an official with the automaker said Wednesday. Toyota said it hasn’t decided what to do there.

    Japan’s Toyota Motor Corp. announced late Tuesday it would halt sales of some of its top-selling models to fix gas pedals that could stick and cause unintended acceleration. Last week, Toyota issued a recall for the same eight models affecting 2.3 million vehicles.

    Toyota is also suspending production at six North American car-assembly plants beginning the week of Feb. 1. It gave no date on when production could restart.

    January 27, 2010

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