Yesterday was a big day for Apple stock (AAPL), as there was an increase thanks to two things, the launch of the iPad 2 and CEO Steve Jobs making an appearance. On a personal note I was so pleased to learn that Steve was there, as were those who attended the event. This has now seen investor confidence, as it is seen as a sign that the CEO is still in control.
Apple’s shares closed 0.80 percent up at $352.12, and although is not much, it is seen as a good sign. Steve should not take all the credit, as Apple has a great team behind them, who were able to take something that was already considered the best on the market and make it even better. The iPad 2 is not perfect by a long shot for many reasons, which we will endeavor to explain.
Looking over the official specs we can clearly see that Apple has done just enough to keep the wolves from the door. The new A5 dual-core processor and improved graphics are just two things that will help the new iPad compete with the range of other tablet devices that are already on the market or coming.
The inclusion of two cameras and a slimmer design seems to be the icing on the cake. However, there were still a few things missing, which could still prove an issue. There was no mention of how much RAM will be included, and no Thunderbolt port – although not certain if there was a need for this. Also we had hoped that the new devcie would get iOS 5 instead of iOS 4.3.
Apple is very clever, they knew that all they needed to do was show up, offer a few changes to the iPad knowing that it would be enough. The early signs seem positive, investors think so, and so do a huge percentage of consumers. We will just have to wait and see how well received the iPad 2 is once it becomes available. More details on release dates can be found in our recent post.
Do you think that the increase in Apple stock was down to the iPad 2 or Steve Jobs?
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