Apple tipped to launch new device

Published: 11:42AM Tuesday January 05, 2010 Source: Reuters

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  • Apple tipped to launch new device (Source: Reuters)
    Scott Forstall, senior vice president for iPhone Software, discusses the iPhone OS 3.0 software and its applications - Source: Reuters

Apple Inc is set to announce a new tablet device later in January, the Wall Street Journal has reported, as anticipation builds about what could be the company's biggest product launch since the iPhone.

Apple plans to ship a multimedia tablet with a 10- to 11-inch touchscreen in March, the report says, citing people briefed by the company.

Although analysts and media reports have been speculating for months that Apple planned to unveil a tablet in the first half of 2010, Apple has never confirmed it was working on such a device.

The Wall Street Journal-affiliated blog All Things Digital reported earlier, citing unnamed sources, that Apple is planning to make a major product announcement on January 27 at an event in San Francisco.

An Apple spokesman has declined to comment.

Excitement about the tablet in recent weeks has helped propel Apple's shares to record levels, analysts say.

The company's stock rose 1.6% and finished at $214.01 on Monday, a new closing high.

Analysts expect the tablet to be priced at between $US500 and $US1,000.

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