Saturday, March 3, 2012

Apple Stocks React to iPad 3 Invites

iPad 3

The excitement over the release of the invitations for the supposed launch of the iPad 3 was not limited to gadget enthusiasts as it reportedly allowed the stocks of Apple to surge upwards. This allowed the market capitalization to go up to the $500 billion level.

The recent good condition in the market has also facilitated this upswing of the stocks of the company following the invitations for the purported iPad 3 event.

The effect of the invitation for the iPad 3 event was reportedly better compared to the earnings report which was released last month. Shares of Apple have reportedly increased by 1.8 percent or nine points following the release of the invitations. In comparison the earnings report only resulted to an eight-point increase in the Apple stocks.

The invitation for the purported iPad 3 event was immediately posted on a number of technology websites. The event is scheduled to be held on March 7 at the Yerba Buena Center for the Arts in San Francisco.

The possible features of the upcoming iPad 3 were also posted on these websites which posted the invitation. Among the features that the device may come with include the retina display, Long Term Evolution or LTE network support, and a dual or quad-core processor. Some reports have also pointed out that the iPad 3 may possibly come with the Siri virtual assistant feature of the iPhone 4S.

The iPad of Apple is currently dominating the tablet market as it has cornered around 57 percent of the entire global tablet market in the last month. During that particular month around 15.4 million units of the iPad were delivered by the company.

With the upcoming offering of the much-anticipate iPad 3 of Apple, it is expected that Apple will continue to rule over all other tablet device in the market including upcoming Android-powered devices.

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