Apple unveils $499 tablet
Apple announced its tablet-style iPad starting at $499. The iPad looks like an iPhone, but larger. Apple will sell iPad models with data plans from AT&T, with no contract required.
Apple will have to convince consumers, many of whom already have Internet-connected phones, computers and TVs, that they’ll want to pay that much for such a device, when many small, lightweight “netbooks” cost less than $400.
The initial price is likely to drop. Apple sold the first iPhone for $599 but slashed the price to $399 after a few months, upsetting early buyers.