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Thursday, October 28, 2010

World's Most Expensive Wines

Wine & Food Feature 
World's Most Expensive Wines 
Nick Passmore 

Click here for the slide show.
When an enterprising young man named James Christie opened his sales rooms in London in December 1766, his first auction consisted of the estate of a "deceased nobleman" containing "a large Quantity of Madeira and high Flavour'd Claret." The records don't relate how much these delightfully described "high Flavour'd clarets" fetched but as the whole sale realized a grand total £175, it is a sure bet that if Christie had known that two hundred years later, in 1985, his now famous auction house would sell one bottle of wine for £105,000, or $160,000, he might have held back a bottle or two to enrich his future heirs. 

This bottle was a Bordeaux, a 1787 Chateau Lafite, and, according to The Guinness Book of World Records, 18 years later it still is the world's most expensive bottle of wine. Its great age alone would have ensured a good price but what gave it its special cachet, especially to American collectors, and ensured the record price tag were the initials Th.J. etched in the glass. 

The bottle had belonged to Thomas Jefferson, the third president of the United States and one of the most revered of its founding fathers. A philosopher, scientist and statesmen, the aristocratic Jefferson was also an avid oenophile. When he was ambassador to France he spent much of his time visiting the vineyards of Bordeaux and Burgundy, buying wine for his own collection and on behalf of his friends back home. He is also associated with two other bottles of very pricy wine, a 1775 Sherry ($43,500) and the most expensive white wine ever sold, a 1787 Chateau d'Yquem ($56,588). 

Of course none of these wines are actually drinkable now; it is unusual for even the best Bordeaux to last more than 50 years, and 200 years is beyond any wine's limit. The allure of these high-priced bottles of vinegar, and other wines of its ilk, is purely in the joy of collecting, not consuming. The 1787 Lafite was explicitly bought as a piece of Jefferson memorabilia, not as a bottle of wine, and it now resides in the Forbes Collection in New York. These wines are rather like old stamps, something to be collected, horded but never used, and they command such high prices not because of their utility but because of their scarcity and consequent appeal to collectors. 

Compiling a list of the World's Most Expensive Bottles of Wine is not as simple as it might first appear. How do you compare the price paid for a double magnum--that's four bottles--to a single bottle? Do you rate them on the same scale or do you divide the price of the big bottle by four in order to determine its per-single bottle price? 

So, rather than compiling a league table we determined 11 separate categories, then sought out the most expensive bottle in each category, and a pretty interesting search it turned out to be. One of the first things you'll notice is that all the wines on the list were sold at auction, because, except in rare occasions, the seller knows that the publicity surrounding a special bottle, and the heated atmosphere of competitive bidding, often results in even higher prices. 

The world's most expensive bottle of wine that could actually be drunk today is also the most expensive wine ever sold in America, a Montrachet 1978 from Domaine de la RomanĂ©e-Conti that was hammered down at Sotheby's (nyse: BID - news people ) in New York in 2001. The lot of seven bottles fetched $167,500, or $23,929 per bottle. This is an extraordinary price for a white wine, even in the rarified world of wine collecting. What happened was that two avid collectors were bidding against each other and got carried away, each refusing to yield as the price rose through the stratosphere. 

Michael Broadbent, the former head of Christie's wine department, relates a similar story concerning the sale of the Jefferson Lafite. As the bidding approached £100,000 for this unique bottle, he changed bid steps, that is the amount the bids increased by. One of the two remaining bidders was Marvin Shanken, publisher of the Wine Spectator, and according to Broadbent, he didn't notice the change until, to his very obvious horror, he realized that he had just offered to pay £100,000 for one bottle of wine. As he sat there ashen faced a great hush fell over the packed auction room as everyone waited to see if the other bidder, Christopher Forbes, would come back in. He eventually did, at £105,000, much to Shanken's very palpable relief. 

Then there is the strange case of the most expensive bottle of winenever sold. In 1989 William Sokolin, a New York wine merchant, had a bottle of Chateau Margaux 1787, also with Jefferson's initials, on consignment from its English owner. He was asking $500,000 for it but had had no cash offers when he took it along to a Chateau Margaux dinner at the Four Seasons restaurant. (Why would it cost so much more than the 1787 Lafite? It didn't cost more than the Lafite, just that Sokolin was asking $500,000. I don't think he expected to get this much and had had no offers by the time of the accident. However, just by asking such a huge sum he generated a lot of publicity, which some people speculate was the whole point of the exercise. He did however get $225,000 from the insurance company which he claims, with some justification, makes it the world's most expensive bottle, even if it was never sold. Besides everything else it's a fun story about a very expensive bottle however you rate it.) 

At the end of the evening he was getting ready to leave when a waiter carrying a coffee tray bumped the bottle, breaking it. Luckily, Sokolin had the foresight to insure his valuable vin, and shared the $225,000 payout with the owner, which makes this the world's most expensivebroken bottle of wine. History does not tell us what happened to the unfortunate waiter. 

What all these wines have in common, whether it's the undrinkable 1787 Lafite or the eminently drinkable 1945 Mouton, and what makes them command such astronomic prices, is their scarcity value. 

The world seems to have an ever-increasing appetite for collecting unusual old things, be they baseball cards, 1950s Formica furniture or steam train memorabilia, and it's only natural that rare wines are subject to this same collecting mania. 

Now, with more and more people discovering the pleasures of drinking wine, especially the newly rich of China and East Asia, the prices of all fine wines will continue to rise and it will only be a matter of time before Mr. Jefferson's bottle, and several others on our list, see their formally eye-popping prices surpassed as ever richer and ever more determined collectors compete for that one, must-have bottle of wine. 
READ MORE - World's Most Expensive Wines

Thursday, March 18, 2010

Top 5 Most Expensive Cars

Top 5 Most Expensive Cars

Most Expensive Cars
Whom you think the most expensive car in the world? The 1931 Bugatti Royale Kellner which was sold for $8,700,000.Though, there are many coupe which are not be integrated in the listing as you cannot find it in the market today. It is generally difficult to learn about someone who is actually wan to spend 8 million dollars on a car. But, if someone has a good wealth with them self and seeking for an opportunity, then you wouldn't be uttering to expend a diminutive portion of it for theses supercars. Below are 5 most luxurious and exclusive cars in the market.

1. Bugatti Veyron – This is generally most expensive street legal car which one can easily acquire in the market today. The amount considered is $1,700,000 for this coupe. It state to be the fastest car with the top speed of 253 mph+.

2. Lamborghini Reventon – This is the second most expensive and influential car on the list and it's about $1,600,000. It holds the top speed of 211 mph.

3. McLaren F1 – It was the most expensive and fastest car in 1994. It has an incredible speed of 240 mph and varies of about $970,000.

4. Ferrari Enzo – This is one of the most famous cars. It is of about $670,000 and consist a top speed of 217. Only 400 units are formed and it is presently sold for over $1,000,000 at auctions.

5. Pagani Zonda C12 Fv – It is introduced by a diminutive autonomous company in Italy. It is the 5th fastest car in the world and varies about $667,321. It delivers a top speed of 215 mph+.
READ MORE - Top 5 Most Expensive Cars

Wednesday, February 24, 2010

Intel says hackers attacked around time Google hit

Intel says hackers attacked around time Google hit
A sign is shown at the entrance to the headquarters of Intel Corporation in Santa Clara, California February 2, 2010. REUTERS/Robert Galbraith
A sign is shown at the entrance to the headquarters of Intel Corporation in Santa Clara, California February 2, 2010.
Credit: Reuters/Robert Galbraith

SAN FRANCISCO (Reuters) - Intel Corp said it faced a "sophisticated" hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc but said there was no clear link between the two events.

"The only connection is timing," Intel spokesman Chuck Mulloy said, declining to elaborate. The company first publicized the attack and pointed out the similarity in timing to the move on Google in its annual filing with the U.S. Securities and Exchange Commission.

Mulloy added that hackers attempt to gain unauthorized access to Intel systems on a "very regular" basis.

Asked whether Intel had spoken or worked with Google on this issue, Mulloy said: "Our security folks work very closely and collaboratively throughout the industry."

A Google spokesman said the company would not comment on whether Intel was one of the roughly 20 unnamed companies that the world's No. 1 Internet search engine said had been similarly targeted in attacks that originated in China. The Wall Street Journal has said around 30 companies were attacked.

The attack was just one of what the world's largest chipmaker said were regular attempts on its computer systems, Intel said in the filing, under a heading about potential theft or misuse of the company's intellectual property.

Intel did not say who was behind the attacks, from where in the world they originated, or what information, if any, had been taken.

Intel shares were down 54 cents or 2.6 percent at $20.33 on Nasdaq.

(Reporting by Ian Sherr, additional reporting by Alexei Oreskovic; Editing by Lisa Von Ahn and Gerald E. McCormick)
READ MORE - Intel says hackers attacked around time Google hit

Monday, February 15, 2010

Samsung, Sony Ericsson roll out new smartphones

Samsung, Sony Ericsson roll out new smartphones
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BARCELONA (Reuters) - Samsung Electronics and Sony Ericsson unveiled their new top smartphone models on Sunday, both hoping to improve their positions in the more lucrative part of the phone market.
Samsung, the world No 2 handset maker, unveiled its flagship smartphone model Wave -- using a new touch screen technology and the first phone to use its bada operating system.

"Samsung's commitment to Bada is underlined by the fact that it is using it to power its flagship product for the show but it's going to be an uphill struggle to get the developer community on board," said Ben Wood, research director at CCS Insight.

Earlier this month Samsung unveiled a plan to treble smartphone shipments in 2010 and promote its own bada software platform.

Analysts, however, have been doubtful of Samsung's efforts to belatedly build a new open platform. With limited volume, phones using bada will have difficulty attracting application developers or operator support.

"I think the ecosystem is just not ready yet," said analyst Carolina Milanesi from research firm Gartner.

Samsung said it plans to launch five to seven phone models using bada software in 2010.


Samsung and Sony Ericsson have seen consumers seeking Web and other PC-like functions increasingly turning away from their feature phones to computer-like smartphones from top vendors Nokia , Apple and Research In Motion.

JK Shin, the head of Samsung's mobile operations, told Reuters in an interview that with the help of bada - which can be used also in cheaper models -- the company would benefit from surging demand for new smartphones in emerging markets.

"I believe that the smartphone market will grow more than 20 percent every year for a three-year time frame, and the growth rate in emerging markets is much higher than that of advanced countries," he said in an interview.

JK Shin said the company could make phones for Google's Nexus lineup in the future, but Sony Ericsson Chief Executive Bert Nordberg said the company had turned down an offer to make phones for Google.

"(We) will only sell phones under our own brand," Nordberg said.


The world's fourth-largest phone maker Sony Ericsson, which has reported seven straight quarterly losses, unveiled three smartphone models, using Google's Android operating system in two of them, and Nokia's Symbian in one.

"Some of the obituaries that have been written on Sony Ericsson may be a little premature. There is no doubt the company still has challenges but these new products are a first step to help fuel a recovery," CCS's Wood said.

Sony Ericsson new mini smartphones remind consumers from last small models of Ericsson itself about a decade ago.

"I think the products are competitive and certainly encouraging. The user interface is pretty good and will help them over LG Electronics," said Gartner's Milanesi.

Sony Ericsson said it aims to return to profit as soon as possible. Analysts have said parent companies could be forced to put more money into the venture already during the first half.

"We firmly support Bert (Nordberg) and his leadership team," Sony's chief Howard Stringer told a news conference.

(Additional reporting by Nicola Leske and Niclas Mika; editing by Gunna Dickson)
READ MORE - Samsung, Sony Ericsson roll out new smartphones

Sunday, January 31, 2010

Apple iPad Tablet (16GB, Wifi)

 Apple iPad Tablet (16GB, Wifi)

Technical Details

  • Full Capacitive Multitouch Tablet
  • 1GHz Apple A4 Processor;
  • 0.5" Thin; 1.5 Pounds; 9.7" IPS Display
  • 16GB Flash Storage; Bluetooth 2.1 + EDR; Wifi 802.11n;
  • 10 Hours of Battery Life, Over a Month of Standby

Product Details

  • Shipping: Currently, item can be shipped only within the U.S.
  • ASIN: B002C7481G
  • Date first available at Amazon.com: January 27, 2010 

Product Description

Amazon.com Product Description

Apple iPad: Revolutionary Device with Advanced Technology

A truly revolutionary device, the Apple iPad is perfect for your mobile computing lifestyle, including browsing the Web, reading and sending e-mail, enjoying photos, watching videos, listening to music, playing games, and much more. It features a brilliant 9.7-inch, LED-backlit display with IPS technology that delivers crisp, clear images and consistent color and a highly precise, capacitive Multi-Touch display that's Amazingly accurate and responsive--whether you're scrolling Web pages or playing games.

Measuring just 0.5 inches thin and weighing a mere 1.5 pounds, the iPad is easy to carry and use anywhere. There's also a slight curve to the back. Which makes it easy to pick up and comfortable to hold. This version of the Apple iPad comes with 16 GB of internal flash memory and ultra-fast Wireless-N Wi-Fi networking.
The iPad runs almost all apps from the App Store, including apps already purchased for your iPhone or iPod touch. And the iPad comes with 12 new innovative apps designed especially for the iPad, including Mail, Photos, Maps, Notes, and YouTube.

Reading and sending e-mail is on iPad's large screen and almost full-size "soft" keyboard. Import photos from a Mac, PC or digital camera, then see them organized as albums, and enjoy and share them using iPad's elegant slideshows. Watch movies, TV shows and YouTube--all in HD.

The iPad syncs with iTunes just like the iPhone and iPod touch, using a standard Apple 30-pin to USB cable, so you can sync all of your contacts, photos, music, movies, TV shows, applications and more from your Mac or Windows-based PC. Other features include up to 10 hours of battery life, Bluetooth 2.1+EDR connectivity, and built-in speakers plus 3.5mm headphone jack.

Key Features

  • 16 GB of internal flash memory
  • 9.7 inch LED-backlit, display: The high-resolution, 9.7 inch LED-backlit, IPS display is remarkably crisp and vivid, making it perfect for web browsing, watching movies, or showing off photos. It's also been designed to work in any orientation--portrait or landscape.
  • Multi-Touch capabilities: The Multi-Touch screen on the iPad uses the same revolutionary technology that's in an iPhone. But for iPad, the technology has been completely reengineered for the larger surface, to make it extremely precise and responsive.
  • IPS (in-plane switching) display technology provides a wide, 178-degree viewing angle, enabling you to hold it almost any way you want and still get a brilliant picture with excellent color and contrast.
  • Powered by A4, Apple's next-generation system-on-a-chip: Designed by Apple, the new A4 chip provides exceptional processor and graphics performance along with long battery life of up to 10 hours. Apple's advanced chemistry and Adaptive Charging technology deliver up to 1,000 charge cycles without a significant decrease in battery capacity over a typical five-year lifespan.
  • Built-in Wireless-N Wi-Fi: With integrated 802.11n networking, the iPad can take advantage of the fastest Wi-Fi networks. And it will automatically locate available Wi-Fi networks, which you can easily join with a few simple taps.
  • Bluetooth 2.1+EDR enables you to connect to devices like wireless headphones or the Apple Wireless Keyboard.
  • Powerful, built-in speaker produces a full, rich sound, and the iPad also comes with a headphone jack and a built-in microphone.
  • 30-pin dock connector on the bottom of the iPad allows you to dock and charge it. It also lets you connect to iPad accessories like the Camera Connection Kit or the Keyboard Dock.
  • Up to 10 hours battery life: To maximize battery life, Apple engineers took the same lithium polymer battery technology they developed for Apple's notebook computers and applied it to the iPad. As a result, you can use iPad for up to 10 hours while surfing the web on Wi-Fi, watching videos, or listening to music.
  • Commitment to environmental design: Continuing Apple's dedication to designing and creating environmentally responsible products, each iPad enclosure is made of highly recyclable aluminum and comes standard with energy-efficient LED-backlit displays that are mercury-free and made with arsenic-free glass. iPad contains no brominated flame retardants and is completely PVC-free.

iPad Apps

iPad will work with almost all of the over 140,000 apps for the iPhone. That means popular apps for gaming, video, Amazon Kindle, cooking, photography -- whatever it is you're into -- are at your disposal.

The process for getting new apps is exactly the same: Just download them from the App Store and start using immediately. Or, if you already have apps for your iPhone or iPod touch, you can sync them to iPad from your Mac or PC. Then run them in their original size, or expand them to fill the screen. And developers are working on new apps designed specifically for this amazing device and all the things it can do.

The iPad also includes 12 new innovative apps designed especially for the iPad:
  • Safari: The large Multi-Touch screen on iPad lets you see web pages as they were meant to be seen--one whole page at a time. And with iPad, navigating through the web has never been easier, or more intuitive.
  • Mail: In landscape, you get a split-screen view, showing both an opened e-mail and the messages in your Inbox. To see the opened e-mail by itself, you just turn iPad to portrait, and the e-mail automatically rotates and fills the screen.
  • iBooks: You'll be able to buy everything from classics to bestsellers from the built-in iBookstore. Once you've bought a book, it's displayed on your Bookshelf. To read it, all you have to do is tap on it and it opens up.
  • Photos: The new Photos app displays the photos in an album as though they were in a stack. Just tap or pinch to open the stack, and the whole album opens up. Then you can flip through your pictures, zoom in or out, or watch a slideshow.
  • Video: The large, high-resolution screen makes iPad perfect for watching any kind of video: from HD movies and TV shows, to podcasts and music videos. You can also easily move between wide-screen and full-screen with a double-tap.
  • YouTube: The YouTube app organizes videos so they're really easy to see and navigate. To watch one, you just tap it. When you're watching in landscape, the video will automatically play in full screen.
  • iPod: With the iPod app, all your music is literally at your fingertips. You can browse by album, song, artist, or genre, with a simple flick. To play a song, just tap it, and the now playing screen will show the album art at full size.
  • iTunes: Just tap on the iTunes Store icon, and you can browse and buy music, TV shows, podcasts--or buy and rent movies--wirelessly, right from your iPad.
  • Maps: See more of the world with high-resolution Satellite and Street View images. You can even see topography with the new Terrain view. You can also search for a nearby business type (for example, "Restaurant") and then tap on that business to see directions.
  • Notes: With its expansive display and large, on-screen keyboard, iPad makes jotting down notes easy. In landscape mode, you get not only a note-taking page but also a list of all your notes.
  • Calendar: You can see an overview of a whole month, or the details of a single day with Calendar's Day, Week, Month or List views. iPad will even show multiple calendars at once, so you can manage work and family calendars at the same time.
  • Contacts: A new view lets you see both your complete contact list, and a single contact, simultaneously. Need directions? Just tap on an address inside a contact and it'll open Maps.
  • Spotlight Search: You can search across iPad, and all of its built-in apps including Mail, Contacts, Calendar, iPod, and Notes. It will even search apps you've downloaded from the App Store.
  • More apps: The iPad will run almost all of the apps designed for the iPhone. If you already have apps for your iPhone or iPod touch, you can sync them to iPad from your Mac or PC. Then you can run any of those apps in either their original size, or you can expand them to fill the screen.
What's in the Box
iPad, dock connector to USB cable, 10W power adapter, documentation
Storage Capacity

  • 16 GB
Wireless Connectivity

  • Wi-Fi (802.11 a/b/g/n)
  • Bluetooth 2.1 + EDR technology
Location Capabilities

  • Wi-Fi
  • Digital compass

  • 9.7-inch (diagonal) LED-backlit glossy widescreen Multi-Touch display with IPS technology
  • 1024-by-768-pixel resolution at 132 pixels per inch (ppi)
  • Fingerprint-resistant oleophobic coating
  • Support for display of multiple languages and characters simultaneously

  • 1 GHz Apple A4 custom-designed, high-performance, low-power system-on-a-chip
TV and Video

  • Support for 1024 x 768 with Dock Connector to VGA adapter; 576p and 480p with Apple Composite A/V Cable, 576i and 480i with Apple Composite A/V Cable
  • H.264 video up to 720p, 30 frames per second, Main Profile level 3.1 with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; MPEG-4 video, up to 2.5 Mbps, 640 by 480 pixels, 30 frames per second, Simple Profile with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats
Audio Playback

  • Frequency response: 20Hz to 20,000Hz
  • Audio formats supported: AAC (16 to 320 Kbps), Protected AAC (from iTunes Store), MP3 (16 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, and 4), Apple Lossless, AIFF, and WAV
  • User-configurable maximum volume limit
Mail attachment support

  • Viewable document types: .jpg, .tiff, .gif (images); .doc and .docx (Microsoft Word); .htm and .html (web pages); .key (Keynote); .numbers (Numbers); .pages (Pages); .pdf (Preview and Adobe Acrobat); .ppt and .pptx (Microsoft PowerPoint); .txt (text); .rtf (rich text format); .vcf (contact information); .xls and .xlsx (Microsoft Excel)
Battery and Power

  • Built-in 25Whr rechargeable lithium-polymer battery
  • Up to 10 hours of surfing the web on Wi-Fi, watching video, or listening to music
  • Charging via power adapter or USB to computer system
System Requirements

  • Mac: Mac OS X v10.5.8 or later
  • Windows: Windows 7, Windows Vista; Windows XP Home or Professional with Service Pack 3 or later
READ MORE - Apple iPad Tablet (16GB, Wifi)

Thursday, January 28, 2010

Apple pitches $499 iPad, takes on Amazon

SAN FRANCISCO (Reuters) - Apple Inc CEO Steve Jobs took the wraps off a sleek tablet that it called the iPad, pitching the new gadget at a surprisingly low price to bridge the gap between smartphones and laptops.
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A buoyant Jobs took the stage at a packed theater on Wednesday to show off the 9.7-inch touchscreen tablet, which looks like a large iPhone, and to introduce a new iBook electronic reader service that will compete with Amazon.com Inc's Kindle.

The iPad is Apple's biggest bet on a new product since the iPhone three years ago, and seeks to tap an unproven market for tablets. Analysts, while impressed by the iPad's seamless functionality, also pointed out that consumers already have smartphones and laptops for their mobile computing needs.
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Jobs described the iPad as a "third category" of devices, a do-everything media gadget that can surf the Web, and play movies and video games. He also left little doubt that Apple was going after the e-book market that Amazon had popularized.

"If there's going to be a third category of device, it's going to have to be better at these kinds of tasks than a laptop or a smartphone; otherwise it has no reason for being," said Jobs, who still appeared thin following his liver transplant last year.
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"Now Amazon's done a great job of pioneering this functionality with their Kindle. And we're going to stand on their shoulders and go a bit further," he said.

Famous for his skills as a pitchman, Jobs, dressed in his trademark blue jeans and black turtleneck, created plenty of drama as he waited until late in the event to discuss the cost of the iPad, which analysts had expected to be up to $1,000.
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Apple elected to price it for as little as $499 for 16 gigabytes of storage, starting in late March. An extra $130 is needed to equip the iPad with third-generation (3G) wireless capability. Higher-capacity models will sell for $599 and $699.

"Pricing is very aggressive, so it's pretty positive from a mass adoption perspective," said Brian Marshall, an analyst with Broadpoint Amtech.
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Research group IDC said it expects Apple to ship 4 million iPad units in 2010, with about 2 million in the United States.

Shares of Apple rose to as high as $210.58 after the pricing news, up 5.5 percent from their session low. The stock closed up 0.94 percent at $207.88 on Nasdaq, within reach of its all-time high of $215.59 logged on Jan 5.
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The half-inch thick, 1.5-pound iPad features Apple's own processor and 10 hours of battery life. It runs a version of the iPhone's operating system and can use virtually all of the 140,000 apps currently available for the smartphone.

"What once occupied half your living room can now be dropped in a bag," said Outsell Inc analyst Ned May. "It's pulling together a variety of needs (in) a universal entertainment device."
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Apple announced a data plan deal with AT&T Inc, which appeared to have beaten out Verizon Wireless. AT&T will offer two monthly data plans for the iPad, a limited one for $14.99 and an unlimited one for $29.99.


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Other technology companies, including Microsoft Corp and Toshiba Corp, have launched tablets that failed to take off in recent years.

But analysts said they were impressed with the technology that Apple showed off. The iPad has a near life-size touch keyboard, and comes with all the expected features, including a calendar, an address book and maps.
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"One thing Apple has proven is that they can consumerise new concepts, new technologies," said Tim Bajarin, president of Creative Strategies, a consulting firm. "That will probably be their claim to fame again with this."
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However, some also mentioned potential cannibalization of other Apple products.

"If it's doing all these things and does it better than a notebook then they'd have to tell me why I'd want a MacBook," said NPD analyst Steve Baker.
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Some industry watchers said the iPad, with its multimedia bells and whistles, will be a tough competitor for Amazon's Kindle. The iBooks store will let users buy from publishers including Pearson Plc's Penguin, News Corp's HarperCollins, and Hachette Book Group.

But other analysts noted that the Kindle costs less -- $259 for the cheapest version -- and was more tailored for long-form reading, at least for now.
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"This is not an e-reader -- this is a device that can be used to read books," Cowen & Co analyst James Friedland said of the iPad. "This doesn't change the game -- at the same time, Apple is a formidable competitor and our view is that over time, Apple and Amazon will emerge as the two largest players" in e-books.

Shares of Amazon took a brief hit but recovered to end 2.7 percent higher at $122.75 on Nasdaq.
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In an online poll on reuters.com before Wednesday's media event, 37 percent of more than 1,000 respondents said they would pay $500-$699 for the tablet. Nearly 30 percent weren't interested, while 20 percent said they would pay $700-$899.

(Additional reporting by Edwin Chan, Poornima Gupta, Ian Sherr, Gina Keating, Sue Zeidler, Alex Dobuzinskis and Paul Thomasch; Editing by Richard Chang and Tiffany Wu)
READ MORE - Apple pitches $499 iPad, takes on Amazon
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