The new kid on the block

Ladies & Gentlemen, introducing

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Cost: $499, 16gb model & $699 , 64gb model, $829 with 3G

Product features:  9.7inch, LED backlit screen, 0.5 inch thick, 1.5lbs, 10hours of battery life, 140,000 apps, multi touch input, 16-64 gb of flash storage, wifi, bluetooth, speakers, accelerometer & a compass

Apple also took aim at rivals with the introduction of iBooks, an electronic bookstore that is clearly designed to compete with Amazon.com Inc., a company Mr. Jobs said has done great things for online books but “we’re going to stand on their shoulders and go a bit further.”

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