• Investors Didn't Like The iPad Until They Heard Its $499 Price

    Wednesday, January 27th, 2010

    Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

    The big day finally arrived, and Apple introduced the iPad this morning (yeah, you heard that already).

    Strangely, during the course of the much-anticipated event, Apple’s stock went down, as observed by many. And then, Apple finally got around to talking about pricing.

    Chief executive Steve Jobs took the stage, and wowed the crowd (and the world) by saying that the starting price for the iPad was a stunning $499.

    Guess what happened next?

    At the time of this writing, the stock spiked +3.61.

    We wouldn’t be surprised to see it hit an all-time high today.

    More coverage can be found here.

    Product: iPad
    Website: apple.com
    Company Apple

    The Apple iPad, formerly referred to as the Apple Tablet, is a touch-pad tablet computer announced in January 2010, and released in April 2010. It has internet capabilities running on either WiFi or 3G, and offers an optional dock with a full size mechanical keyboard. The 3G is provided by AT&T, but comes unlocked with microsim cards on the GSM network. The 3G does not require a long-term contract. The iPad is a line of tablet...

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