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With new iPad, Apple faces evolving market

With new iPad, Apple faces evolving market
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First Published: Wed, Mar 02 2011. 11 56 PM IST
Updated: Wed, Mar 02 2011. 11 56 PM IST
San Francisco: More than a year after igniting the tablet computing craze, Apple Inc. was preparing to unveil the second version of its blockbuster iPad later on Wednesday—possibly minus lead showman Steve Jobs.
Plenty has changed over the course of the year.
Credited with creating a whole new device sector, the company is rolling out the second-generation iPad just as most of its rivals are bringing their first offerings to consumers.
But as Motorola Mobility Holdings Inc., Research In Motion Ltd (RIM), Hewlett Packard Co. (HP) and all the other manufacturers race to catch up, Apple itself is going through a transformation.
There has been as much media speculation about whether Apple’s founder and chief executive Jobs will be able to take to the stage at Wednesday’s event in San Francisco as there is about the new device.
Jobs took indefinite medical leave last month and Apple has not since given any details on his condition.
In his absence, Tim Cook, Apple’s operations chief, or marketing head Phil Schiller, is expected to lead the launch.
While Wall Street has grown comfortable with Cook’s leadership, Wednesday would provide the first major test of his showmanship skills—a key asset of marketing maestro Jobs.
Apple’s Frankfurt-traded shares were up 0.2% at €253.8 (Rs15,812) by 1130 GMT, in overall weaker European share markets.
The new model is expected to have the same 10-inch screen but should be lighter, thinner and faster than its predecessor, according to analysts and blog reports. Apple is also expected to have added both front and back-facing cameras to enable both video chatting and recording.
While the consumer appetite for tablets has come from nowhere before the iPad, Apple no longer has the market to itself.
Motorola has just launched the well-reviewed Xoom, RIM is about to start selling its PlayBook, and HP is due to bring out its TouchPad this summer.
Companies such as Samsung Electronics Co. Ltd and Dell Inc. are already selling tablets, but have so far failed to dent iPad’s success.
“Apple has secured an incredible time-to-market advantage over its rivals. It’s difficult to see how rivals are going to catch up with the iPad anytime soon,” said Ben Wood, head of research at CCS Insight.
Apple sold nearly 15 million iPads in 2010 after its launch in April, several times more than analysts had predicted and adding more than $9 billion (Rs40,590 crore today) to the company’s revenue last year. It proved to be a must-have for the end-of-year holiday season and sales are now expected by analysts to top 30 million in 2011.
Apple’s shares are up roughly 8.5% this year, including a near 7% fall in three trading days last month on further concerns over Job’s health. The shares closed at $349.31 in the US market on Tuesday, valuing the company at more than $325 billion.
Clare Jim in Taipei andTarmo Virki in Helsinki contributed to this story.
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First Published: Wed, Mar 02 2011. 11 56 PM IST
More Topics: Apple | iPad | Steve Jobs | Technology | Technology |