For Immediate Release
Chicago, IL – April 6, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. (AAPL), Broadcom (BRCM), Texas Instruments (TXN), Best Buy (BBY) and Amazon.com (AMZN).
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Here are highlights from Monday’s Analyst Blog:
Apple’s iPad Hits Stores
Apple Inc. (AAPL) launched its much-hyped Apple tablet computer called the iPad on April 3 in the U.S. Shares of AAPL surged and had hit a near record high, rising further after hours last Thursday to $236.50. Reviews of the iPad were favorable, with some exceptions.
The iPad is available only in the U.S. for now and is priced at just $499 for the 16GB model, going up to $599 for the 32GB model and $699 for 64GB (only for the Wi-Fi model).
It has a battery that lasts 10 hours and can be used for a month on standby without needing to charge. iFixit, an Apple parts and repair specialist, said that the iPad includes chips from Samsung Electronics, Broadcom (BRCM) and Texas Instruments (TXN). Moreover, the iPad is available at Apple’s 200+ U.S. retail stores and will also be sold via Best Buy (BBY) stores.
The iPad includes 12 new apps designed especially for the iPad, and will run almost all of the over 150,000 apps in the Apple App Store, including apps purchased for iPhone or iPod touch. iPad syncs with iTunes, just like an iPhone or iPod Touch.
The iPad can be used for web browsing, reading and sending email, viewing photos, watching videos, listening to music, playing games and reading e-books. It has a touch screen and comes with 16, 32 or 64 gigabytes of flash memory storage and built-in Wi-Fi and Bluetooth connectivity. The iPad is neither a netbook nor a laptop but attempts to build in features of both a smartphone and a laptop.
The iPad can be used for reading ebooks, which increases competition for Amazon.com’s (AMZN) as well as other e-book readers. The iPad has enhanced video capabilities and large arrays of video games that make up a large percentage of the apps currently available for the iPad. It can use approximately 150,000 existing iPhone apps, as well as new ones currently designed for the iPad.
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