Boston, MA 10/22/2013 (wallstreetpr) – Apple is looking to regain its share of the market by introducing new iPads to compete with tablets developed by its counterparts, Samsung, Amazon and Microsoft. Apple is going to introduce iPad and mini iPad, which is a smaller version with a 9.7 inch screen, with retina display. The retina display is a technology native to Apple and is wooing consumers to buy its products by displaying originality and enhancing its products for a better working environment.
Features included
The iPad to be unveiled is a complete iPad 5 that includes retina display technology. This feature is to enhance the photo quality and resolution. When such a feature is packaged in iPad mini, it will be capable of competing with tablets and phones of Samsung with an aim to attract consumers with quality technology. There are also expectations that the newly unveiled iPad is going o be packaged with the finger print technology and A7 64-bit processor.
Sources from Apple believe that this is going to turnaround tables for the company by emerging as a major market player of tablets.
Impact on market and share prices
Last quarter showed that tablets were second largest source of revenue for the technology giant. Two years back iPads accounted for 65% on Apple’s revenue but this year it has come down by 50%. So Apple seems to be losing out on its tablet market to Samsung and Amazon, that is providing customized options in tablets and that significantly costs lesser respectively.
The share prices on Monday had a spurt and jumped up $12.47 which is approximately 2.5% increase. Incidentally the sales of the 5C model iPhone is also picking up for Apple because of which the investors are optimistic. This stock performance implies that the investors are also expecting consumers to be attracted and buy Apple products.
