Since Apple’s App Store is already in full swing, and the iPad will be able to run almost all of the apps that are currently available for the iPhone, the iPad will ship with a long list of software titles ready to go. As developers release iPad-specific versions of their apps, the potential usefulness of the iPad will likely rise, too.
Apple introduced the iPad in January, and announced on March 5 that it will ship on April 3. Pre-orders for the iPad will kick off on March 12.
Mr. Um is maintaining his “Buy” rating and US$280 target price for Apple’s stock. Apple is currently trading at $217.94, up 7.23 (3.43%).